The President, Vice President, Pelosi, Reid and McConnell have all been wasting their time. Boehner could not deliver the House Republicans. As Obama said, there is nothing to which the GOP can say "yes". In a time of divided government, this is a problem.
Time for Boehner and Pelosi to get together with Reid and McConnell. A $4 trillion grand bargain just got a boost tonight. Boehner can't deliver the House GOP, but he can cobble together a majority with Pelosi. The Senate would quickly pass such a compromise bill.
Keep your fingers crossed.