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Photo: Emily Metcalf

money
Photo: Emily Metcalf

WSJ ALERT: A surprise jolt of bipartisan support emerged Tuesday for a $3.7 trillion deficit-reduction plan that had been in development for months, though it was thought to be dead just several weeks ago.

Roughly half of the U.S. Senate’s 100 members sat through an hour-long briefing on the plan, which was designed by a group of lawmakers known as the “Gang of Six” and would cut spending, overhaul entitlement programs such as Medicare, rework the tax code, and make significant changes to Social Security.

http://online.wsj.com/article/SB10001424052702303661904576456042405686316.html?mod=djemalertNEWS

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