From NPR News in Washington, I'm Nora Raum.Some Senate Republicans are saying they might accept higher tax rates for the wealthiest Americansif there is also agreement on overhauling the entitlement programs.Tom Coburn of Oklahoma is one of them.He told ABC's This Week they must come up with a plan.We are spending money that we don't have on things we don't absolutely needand there is no grownups in Washington that will say "timeout, stop the politics,let's have a compromise rather than continue to play the game through the press and hurt the country".When asked what it would take to sign on to a tax rate increase, he said significant entitlement reform.There will be large federal spending cuts and the Bush-era tax cuts will expire for everyoneunless Congress and the White House agree on the legislation by the end of the year.In Egypt, President Mohamed Morsi has rescinded a series of decrees that gave him sweeping powers,after more than two weeks of demonstrations.Merrit Kennedy reports this concession is unlikely to satisfy the opposition.The announcement came in the wee hours of the morning after a marathon national dialogue sessionthat most major opposition leaders refused to attend.Rescinding those powers was a major demand of Morsi's opponents.At the same time, the president is not backing down on holding a nationwide vote on a controversial draft constitution in less than a week.Last night statement said that by law he is required to hold the vote on 15th.
