John Boehner just e-mailed out to Republican members and staff:
Discussions are underway on legislation that will cut government spending more than it increases the debt limit, and advance the cause of the balanced budget amendment, without job-killing tax hikes. Those talks are moving in the right direction, but serious issues remain. And no agreement will be final until Members have a chance to weigh in. I would expect a conference call for Members later this afternoon. – Speaker Boehner