Enlarging the Gang

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Getty

Conservative reaction to Senate debt plan surprisingly muted — even positive.

Revival of grand bargain option is fragile, but real.

There are still thousands of ways the whole thing can fall apart, but we are back to the basic scenario where five men have to agree to a plan (Obama, Boehner, Cantor, Hoyer, and Reid), get a big bipartisan Senate vote, and then scramble to get a bipartisan House majority. If it happens, the president's tactical maneuvering (from his winter budget onward) will look pretty clever.
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