Print This Post Print This Post

Government Shutdown Threat: Budget Deal Remains Unreached

April 5, 2011

WASHINGTON–Washington is hurtling toward a government shutdown on Friday night as the time to agree on a budget for the remainder of the fiscal year grows very short.

Because of Senate rules, Democrats could be forced to break two GOP filibusters in order to pass a spending bill, and each vote requires a 30-hour delay. Government funding expires on Friday night, meaning that if negotiators don’t reach a deal by the end of today or early tomorrow, just one Republican senator could stall the vote until the deadline arrives.

If the talks Tuesday between House Republicans and the White House are any guide, the two parties are a long way from a deal. House Republicans emerged from the White House telling reporters that they are committed to finding a solution to the impasse, but were unwilling to do it unless the White House and Senate Democrats agree to cuts beyond the $33 billion level that had previously been floated.

“The Speaker told the president that the House will not be put in a box and forced to choose between two options that are bad for the country (accepting a bad deal that fails to make real spending cuts, or accepting a government shutdown due to Senate inaction),” a summary of the meeting provided to reporters by House Republican leadership read.

The House has instead proposed a one-week spending bill that would cut government spending by $12 billion while funding the military through the end of September [keep the war machine going, eh?], when the fiscal year ends.

House Democrats quickly rejected the offer. House Minority Whip Steny Hoyer (D-Md.) told reporters it was time to put an end to the “sporadic, episodic” stop-gap bills and reach a final agreement. He said that Democrats would whip opposition to the House bill if it is brought to the floor.

House Republicans aren’t willing to take yes for an answer, Hoyer said, and were demanding far more than they were entitled by their partial control of the government, noting that Democrats control the Senate and White House. “You would think if you’re going to reach a compromise, we get two, they get one,” he said. ” It appears that one side doesn’t want to compromise.”

ARTICLE (WITH UPDATES) CAN BE FOUND HERE.

——————————————–

Did you like what you read here? If so, please be kind enough to donate to support the cause (click HERE). It takes time and money to create a website like this and I love doing it so anything would be very much appreciated. And I’ll personally email you a free thank-you gift in returnmy 214 page ebook about debt, credit, bankruptcy, investing and much more!

BBS Radio. There are no equals! Get Archive Access Now

Related Articles:

Digiprove sealCopyright secured by Digiprove © 2011
Share

Filed Under: FeaturedHeadlinesNews Articles

Tags: , , , ,

Leave a Reply

You must be logged in to post a comment.

Page optimized by WP Minify WordPress Plugin