I've got a bridge you can buy

It looks like this is the deal the Dems traded for a raise in the debt ceiling 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 recommended cuts not approved by Dec
      No new tax revenue