President Barack Obama — technically a late-era boomer but more Gen X by
personal temperament — attempted to strike a “grand bargain” with tea
party-led Republicans and then-House Speaker John Boehner to address
long-term entitlement sustainability and spending issues along with
significant tax hikes. POLITICO's editor Carrie Budoff Brown expains how
and why it all fell apart.

President Barack Obama — technically a late-era boomer but more Gen X by personal temperament — attempted to strike a “grand bargain” with tea party-led Republicans and then-House Speaker John Boehner to address long-term entitlement sustainability and spending issues along with significant tax hikes. POLITICO's editor Carrie Budoff Brown expains how and why it all fell apart.