Unlike Ezra, Avent has little hope for a deficit deal in the near future:

The GOP's reflexive anti-Obama streak is motivated, one presumes, by a desire to win elections. One supposes that they feel they must deny him legislative victories in order to be successful at the ballot box. So for a while, presidential abdication of leadership may create political space for something like honest legislative negotiations over policy. But a grand bargain that takes place under Mr Obama's watch is a political victory for Mr Obama, whether or not he led the charge. And the GOP is unlikely to let the president have such a win.

... I would expect neither Obama administration Jedi mind tricks or secret deals to yield real budget solutions. Explicit outside pressure, from bond markets, will yield deals. And that pressure is not yet forthcoming.

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