NEW : Party leaders name negotiators for tax talks . The parties have agreed to a series of measures that would raise taxes on the wealthy and cut spending by about $4 trillion over 10 years. Republican Senate leader indicates no leeway on GOP call to extend all tax cuts . The meeting has been dubbed the `` Slurpee summit ''
NEW : Party leaders name negotiators for tax talks . President , GOP leaders agree to talks on tax cuts . Republican Senate leader indicates no leeway on GOP call to extend all tax cuts . The meeting has been dubbed the `` Slurpee summit ''