No, not caving by the Republicans, but by the White House.
Just reported:
House Majority Leader Eric Cantor said Thursday he's quitting budget talks led by Vice President Joe Biden for now, citing an impasse over taxes. "The tax issue must be resolved before discussions can continue," Cantor said.
Not anymore detail as yet, but what else is there to say? As expected the Repubs are upping the ante, not afraid to walk away like the negotiators they are.
Once again the White House is playing the Repubs game by linking budget talks to the debt ceiling instead of telling the Repubs there is no connection - vote the debt ceiling only. But that ship already sailed. There will be major concessions on ending the tax breaks for the wealthy, namely not ending them. Once again Obama is using the Repubs for cover to further his corporatist, Wall Street friendly agenda.