grand bargain

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The Illinois Senate could take up some lingering issues related to the "grand bargain" budget compromise.

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The Illinois Senate returns to work after a stormy day in which Democrats pushed ahead with votes on the "grand bargain" budget compromise.

Henryk Sadura/123rf Stock Photo

Illinois Senate Democrats plan to vote on the "grand bargain" budget compromise.

"Money" by Tax Credits, Flickr Commons, (CC BY 2.0)

From NPR: Compromise is suddenly the watchword in Washington, as negotiations over taxes, spending and entitlements begin in advance of another self-imposed deadline, popularly known as the "fiscal cliff." Automatic tax increases and deep spending cuts are slated for the first of the year, unless the president and Congress take action. Leaders on both sides say they are willing to meet in the middle, but that makes their constituents worry about what any compromise will cost them.