By Richard Cowan and Donna Smith

Reuters

Aug. 13, 2011

Feehery and other analysts feel the composition of the committee also bodes well for agreement.

"These are folks who are deal cutters," Feehery said of Camp, Republican Senator Rob Portman, a former White House budget director, and Representative Fred Upton. Upton worked on some major tax and spending agreements during a stint at the White House budget office under President Ronald Reagan.

Even conservative partisan Representative Jeb Hensarling may be ready to deal, analysts say. "In the right context I do not see him as a guy that would just stick himself in concrete," said Steve Bell, a former Senate Budget Committee aide who is now with the Bipartisan Policy Center.

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Economic Policy Project