Earlier today Boehner called Rush to give him the details of the latest deal that will be offered to Obama:
- 1.1 Trillion in cuts – recommendations made by 6 members of each chamber, occurrence of cuts to be determined – cuts will be non-defense, real and not accounting gimmicks
- 1 Trillion in debt limit increase
- Will last until next April
- There must be a vote on Balanced-Budget Amendment
Watch the segment for more details and analysis:
UPDATE: Changed to reflect that in the second round there must be a vote on Balanced-Budget Amendment instead of the Cut, Cap, and Balance.
UPDATE: Here is more detail on the Boehner plan from Fox News.