Earlier this year, Sen. Bob Corker (R-TN) helped introduce the bipartisan CAP Act, which would aim to cut federal spending by $7.6 trillion over 10 years. Mark Humphrey/AP hide caption

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House Speaker John Boehner (from left), with Sen. Jon Kyl (R-AZ) and Senate Minority Leader Mitch McConnell (R-KY), speaks to reporters after meeting with President Obama about the deficit at the U.S. Capitol on Wednesday. Jonathan Ernst/Getty Images hide caption

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Barack Obama shakes hands with tourists visiting the Lincoln Memorial in Washington, D.C., Saturday during a surprise visit a day after budget negotiations with Congress prevented a government shutdown. Getty Images hide caption

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