Morning Briefing

Republicans said Tuesday that they might allow $250 billion to $300 billion of additional tax revenue as part of a deal to shave $1.2 trillion from federal deficits over the next 10 years. Democrats, though, did not seem to view the plan as a major concession. It includes non-tax revenue primarily from the sale of government assets and leases for revenue as well as $700 billion in cuts to Medicare and other government programs.