Q&A: Explaining the White House Budget Proposal

The Wall Street Journal (online registration required): It’s been the trillion-dollar question for months. Will the White House pull back the olive branch it offered Republicans last year in its budget proposal. Now we know, the answer is yes (with an asterisk). We’re now in a zone where we have budget deals one day and budget brinkmanship the next. Confusing, we know. Here’s what’s happening.

Q: We had Rep. Paul Ryan (R., Wis.) and Sen. Patty Murray (D., Wash.) reach a budget deal in December, and now the White House is taking its negotiating sweeteners out of the budget. What is going on?

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