The deal, however, would not require the special committee to consider any tax increases. The combination of lower tax revenue and higher spending, however, has created the historically high federal budget deficit. Nevertheless, Senator Mitch McConnell says tax increases are definitely "off the table." Senator Durbin says that keeping taxes off the table is a "serious mistake." The National Journal has more analysis.
Question: What exactly does Obama gain from this "deal" -- except for an increase in the debt ceiling, which (except for a few moments in history) has been routinely granted?
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