Capitulation or Cagey Move by Obama?

Wallsten & Nakamura, Wash PostIt was President Obama’s bottom line, a position he repeated in every recent public utterance on his debt-ceiling talks with Congress: Any deal must be “balanced” with spending cuts and tax increases.But in his eleventh-hour stare-down with tea party-infused Republicans, with a possible government default on the line, Obama blinked.

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