Budget Negotiations to Continue Sunday Evening; Update: Meeting Wrapped Up - Erika Johnsen

Budget Negotiations to Continue Sunday Evening; Update: Meeting Wrapped Up - Erika Johnsen: "From the many proffered interviews and statements swirling around today, here's my very succinct diagnosis of the situation: President Obama has professed a willingness to discuss the as-yet largest proposed debt ceiling/budget deal, which would (ostensibly) cut the deficit by $4 trillion over a period of a decade. Entitlement reform could be considered as a part of that deal, but the Democrats insisted that tax hikes would be a part of it, at which Speaker Boehner balked. The Speaker now wants to pursue a smaller deficit-reduction package that would be void of tax hikes."