Analysis: A shift from spending cuts to dealmaking

December 11, 2010 12:00:00 AM PST
So much for slashing those soaring budget deficits. Less than a week after his bipartisan deficit commission offered a package of tough tax hikes and spending cuts to stem the flood of government red ink, President Barack Obama cut a deal with Republicans that would add a whopping $900 billion to the nation's debt over the next two years.