Economy

They Haven't Passed It Yet

Yes, there's a deal. Yes, any deal is a bad deal based on the premise that spending cuts are a terrible idea right now. And yes, there are a growing number of Republicans who aren't going to vote for it.

Republicans are threatening a “sizable GOP defection in the House” while hawkish Sens. Lindsay Graham (R-SC) and Joe Lieberman (I-CT) have expressed concern about the potential defense cuts.

What's going to happen? The military cuts -- one of the only palatable things about the deal -- will be reduced to get these votes. That is unless the defections are irrelevant and the deal will pass without them.