CNN is reporting that Obama and Reid have signed off on a deal with Republican leaders.
It's still unconfirmed, and there are no details as of 7:15pm ET. But you can bet that the deal, if done, sucks for you and me: no tax revenue, no fair contribution from the rich, and plenty of savage cuts for the services you and I need.
In short, it's the kind of deal we expected from Obama and the Dems.
Congratulations, scorched-earth Republicans. You held your breath til you turned blue, you were willing to blow up the economy, and you got what you wanted: hands off the rich, while struggling working and unemployed Americans pay.