Obama Offered To Raise Medicare Eligibility Age As Part Of Grand Debt Deal

Obama Offered To Raise Medicare Eligibility Age As Part Of Grand Debt Deal

WASHINGTON -- In his press conference on Monday morning, President Barack Obama repeatedly insisted that he was willing to tackle some sacred cows as part of a larger package to raise the debt ceiling. Just how sacred, however, may surprise political observers.

According to five separate sources with knowledge of negotiations -- including both Republicans and Democrats -- the president offered an increase in the eligibility age for Medicare, from 65 to 67, in exchange for Republican movement on increasing tax revenues.