The Washington Post has a detailed account here, and it looks like the two sides were not as far apart as the hissy-fit makes it look. The administration supposedly added a demand for $400 million more in revenue increases (taxes??), resisted more cuts to Medicaid (small in proportion to the whole problem), and the GOP wanted to put some of ObamaCare at risk.
Judge Judy should show up at the 11 AM meeting and give both sides in the sandbox one of her lectures.
Andrew Sullivan has an alarming piece in his "Daily Dish": "The Cold Civil War", here. He calls The GOP now a faction of anarchists, and writes "Their fiscal anarchism has now led to their threat to destabilize and possibly upend the American and global economy because they refuse to compromise an inch. They control only one part of the government, and yet they hold all of it hostage." And they hold "ordinary people" hostage , too. Welcome to the 1930s.