“(1) Movement in Budget Impasse”
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(1)Big Issues Under Discussion Include Social Security Major Revamp of Tax Code(2)President Barack Obama and House Speaker John Boehner have upped the ante ahead of a high-profile summit on deficit reduction Thursday suggesting in talks that they might tackle longtime taboos including tax increases and Social Security changes.(3)In a sign that both sides see the opportunity for a fundamental revamp of the U.S. budget Messrs. Obama and Boehner have recently discussed an option that includes tying a deficit package to a broad tax overhaul people familiar with the talks say. That overhaul would raise revenue by ending some tax breaks in exchange for lowering individual and corporate rates.