Obama Pushes for a Deficit-Reduction Deal by July 22

Damian Paletta at The Wall Street Journal:

WASHINGTON—The Obama administration believes congressional leaders must agree to a deficit-reduction deal by July 22 in order to raise the government’s borrowing limit in time to avoid a default in early August, according to Democratic officials with knowledge of the negotiations.

Fantastic initiative from a president with a great spending record. Oh, wait, I’m thinking of Ronald Reagan.