WASHINGTON (AP) — The bipartisan cease-fire that kept the government running this spring gave birth to hopeful talk — among pundits and some senators, at least — of a much larger "grand bargain" that would reduce the federal deficit for years.
Such optimism, however, seems to ignore how far apart the two parties remain on key issues, and how adamantly they defend positions that prohibit compromise.
The mutual obstinance disappoints those who felt top Republicans and Democrats were close to a major accord on spending cuts and tax increases in December.
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