here's what is being reported by wonkblog and other sites. Bottom line: no new taxes. Deficit reduced by 20 billion. sequestration on defense cut in half.

 

no we dont get 100% of what we want but thats the nature of compromise and not holding the Presidentcy.

 

detail of the plan:

[The part of this post where the author copy-pasted Ezra Klein has been removed - NS]