Wall Street Journal: Cutting a Deal on Cutting the Deficit

Bipartisanship has been in short supply this year in the Senate. But it’s suddenly flowering in one important area.

After months of behind-the-scene discussions, Sens. Kent Conrad (D., S.D.) and Judd Gregg (R., N.H.), the Budget Committee’s chairman and top Republican, have agreed in principle on a bill to establish a powerful commission to try to solve the government’s serious fiscal problems.

The trick now is getting Democratic leaders – particularly House Speaker Nancy Pelosi – to go along. Some Republicans also might want to hold off on the idea, at least until after the 2010 elections, when they could increase their influence in Congress.

Read the full article here.