A Deal?

Political Wire has this:

ABC News reports that Republicans and the White House have struck a tenative deal to raise the debt ceiling. 

Key features of the agreement: 

• Debt ceiling increase of up to $2.8 trillion 
• Spending cuts of roughly $1 trillion
• Vote on the Balanced Budget Amendment
• Special committee to recommend cuts of $1.8 trillion before Thanksgiving
• Automatic across-the-board cuts go into effect, including cuts to Defense and Medicare, if not approved by December.

If this is the deal, expect significant push back from Democrats.

I'm a little confused on the spending cuts. Is it $1 trillion total, $1.8 trillion total, or $2.8 trillion total? I think it's the latter with $1.8 trillion to be determined by the mysterious committee.

Note there are no tax hikes in this plan. I'm not sure the Dems won't go completely bat**** crazy over that.