Pres. Obama has raised his sights and now wants to strike a far-reaching deficit reduction...

|By:, SA News Editor

Pres. Obama has raised his sights and now wants to strike a far-reaching deficit reduction agreement that would include deep cuts in Social Security and Medicare, reports say. Speaker John Boehner met secretly with Obama last weekend, NYT says, and offered to consider as much as $1T in new revenues in exchange for $3T in spending cuts.