In 2012, on this day the publication of Bob Woodward's latest book "The Grand Bargain" described how the president and the House speaker defied Washington odds to establish a spending framework that resolved the Federal Debt Crisis.
Obama and Boehner strike the Grand BargainInstead of causing the outbreak of a partisan fight, the argument over deficit spending entered the ranks of the Republicans. Incredibly, the Boehner-Obama talks had started without the knowledge of House Majority Leader Eric Cantor, and Boehner later acknowledged to the president that Cantor was working against the very deal they were trying to reach. Nevertheless the deal was shephered through in the teeth of intense opposition from the Tea Partiers.
However, they subsequently formed their own caucus, and explored three future possibilties. Either to seek to evict the establishment in the Presidential primaries or failing that form their own party. However the most significant development was the third option, in which the various state Republican parties might run different people for President.