Tuesday, May 22, 2018
News: Page (1) of 1 - 07/22/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Amid debt talks, House budget plan faces Senate
Debt talks still aim for elusive 'grand bargain,' Senate takes up House budget capping bill
By The Associated Press

WASHINGTON (AP) ' The Senate is moving to cast away a budget cutting plan passed by the Republican controlled House, clearing the way for increasingly urgent government talks over raising the nation's debt ceiling.

President Barack Obama and House Speaker John Boehner are searching once more for an ambitious $4 trillion grand bargain. Officials said wide differences remain.

The government is less than two weeks from an Aug. 2 deadline that could precipitate a first-ever default.

The continuing Obama-Boehner talks kept alive the possibility of substantial deficit reduction that would combine cuts in spending on major benefit programs like Medicare and Medicaid and revenue increases through a broad overhaul of the tax code.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines