Republican plan would raise $300 bln by overhauling the tax code.

Republican plan would raise $300 bln by overhauling the tax code.

Proposal includes equal amounts of spending cuts, tax hikes.

Legislators face challenge of reaching bipartisan compromise on debt.

Legislators face challenge of reaching bipartisan compromise on debt.

President resists GOP efforts to focus on scaled-down deal.

President resists GOP efforts to focus on scaled-down deal.

President, congressional negotiators to meet again today.