On Thursday, July 21, Obama’s senior advisers met at the White House with top aides to Boehner and Cantor. For two hours, they went line by line through the emerging agreement. It felt like they were “very close” to the promised land, a senior administration official said.
That afternoon, Obama called Boehner and gave him a choice: If you want aggressive entitlement cuts, I need more revenue. But if you canÂ’t stomach extra revenue, we can dial back the entitlement cuts and still do something important.
The call went well, according to Democrats in the room. That evening, Obama met with Democratic leaders and told them to prepare for tough cuts to Medicare and Medicaid.
Twenty-four hours later, the deal was dead. Once again, Boehner walked away. Worse, from the administrationÂ’s point of view, BoehnerÂ’s rhetoric was growing harsher, at times echoing the most uncompromising voices in his new majority.