Apr 24, 2014
Tea Party Tribune
Tea Party Tribune
Tea Party and Political News Reporting

Lawmakers Work on Budget; Obama Wants Vote No Matter What

Obama will meet today at the White House with House Speaker John Boehner and Senate Minority Leader Mitch McConnell, both Republicans, and Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi, both Democrats. Photographer: Olivier Douliery-Pool/Getty Images

Obama will meet today at the White House with House Speaker John Boehner and Senate Minority Leader Mitch McConnell, both Republicans, and Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi, both Democrats. Photographer: Olivier Douliery-Pool/Getty Images

By Richard Rubin and Margaret Talev

Posted: Dec. 29th, 2012

U.S. lawmakers are entering a weekend of budget negotiations in a final effort to prevent at least some of more than $600 billion in tax increases and spending cuts from taking effect in January.

Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell said they’ll try to reach a deal by tomorrow, likely focusing on a relatively narrow range of issues rather than the full list of tax and spending changes. They face the same partisan mistrust and divides on fiscal policy that have prevented a budget deal for more than two years, compounded by the Dec. 31 deadline and the Jan. 3 start of the next Congress.

“The hour for immediate action is here,” President Barack Obama said yesterday at the White House, declaring himself “modestly optimistic” about a deal and complaining about Congress’s tendency to wait until the last minute to act. “The American people are not going to have any patience for a politically self-inflicted wound to our economy.”

Read More: BusinessWeek.com

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