As President Barack Obama and congressional leaders huddled to negotiated a deficit reduction deal, Sen. Kent Conrad (D-ND) released the much-anticipated Senate Democrats budget framework.
The proposal, calls for new revenues in order to reach $4 trillion in deficit reduction, through a combination of spending cuts and tax reform.
While unlikely to pass in its current form, the framework will undoubtedly influence the ongoing debt ceiling and deficit reduction debate.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.