“Simply put, they remember a day when politicians compromised.”
That’s Jared Bernstein, the vice president’s former chief economist, talking about Joe Biden and his dance partner on the fiscal cliff deal, Senate Republican Leader Mitch McConnell.
Bloomberg’s Margaret Talev and Roger Runningen report that McConnell decided it was time to deal directly with the White House two days ago, though not with President Barack Obama. With $600 billion in tax increases and spending cuts about to take place, McConnell saw Biden as a good-faith negotiator.
Yesterday they reached a deal and passed it through the Senate, 89-8.
To read Talev’s story, click here.