WASHINGTON (Reuters) – Republicans and Democrats on Tuesday unveiled vastly different plans to slash long-term budget deficits that highlight the wide gulf separating the parties and the difficulty of reaching a bipartisan compromise any time soon.
Republicans would balance the budget in 10 years with $4.6 trillion (3.08 trillion pounds) in spending cuts, building on earlier proposals for deep reductions to social programs.
WASHINGTON, March 12 (Reuters) – A 10-year, $4.6 trillion
balanced budget proposal unveiled by Republicans on Tuesday
could either be shelved within weeks or help jump-start
negotiations with President Barack Obama toward a major
House Budget Committee Chairman Paul Ryan’s plan – his
latest version of the “Path to Prosperity” measure that has been
rejected by Democrats previously – likely will be approved this
month by the Republican-controlled House of Representatives.
WASHINGTON, March 12 (Reuters) – Republicans kicked off
their latest deficit-reduction gambit on Tuesday with a 10-year
balanced budget plan that could either be shelved within weeks
or help kick-start negotiations with President Barack Obama
toward a major deficit-reduction deal.
House Budget Committee Chairman Paul Ryan’s $4.6 trillion
deficit-reduction plan – his latest version of the “Path to
Prosperity” plan that has been rejected by Democrats previously
- likely will be approved this month by the
Republican-controlled House of Representatives.
WASHINGTON (Reuters) – U.S. President Barack Obama expanded his fledgling search for Republican allies on a possible deficit-reduction deal when he hosted lunch on Thursday for Paul Ryan, one of the House of Representatives’ leading fiscal conservatives.
Coming the day after he took Republican Senators to dinner to discuss the budget, Obama’s new outreach brought optimism that two years of fiscal battles could ease up. But the White House and Republican lawmakers signalled the road to a grand bargain will still be difficult.
WASHINGTON, March 7 (Reuters) – U.S. President Barack Obama
expanded his fledgling search for Republican allies on a
possible deficit-reduction bargain when he hosted lunch on
Thursday for Paul Ryan, one of the House of Representatives’
leading fiscal conservatives.
Obama’s new engagement with opposition members of Congress,
something not seen during his first term as president, is “a
hopeful sign. I think something will come of it,” House Speaker
John Boehner told reporters.
WASHINGTON, March 6 (Reuters) – Legislation easily passed
the U.S. House of Representatives on Wednesday to avert another
partisan budget battle and a possible government shutdown, as
President Barack Obama also opened new lines of communication
By a vote of 267-151, the House passed a measure to fund
government programs up until the end of the fiscal year on Sept.
30. The Democratic-controlled Senate is expected to pass a
similar bill next week.
WASHINGTON (Reuters) – Legislation that would avert another nasty partisan budget battle and possibly a shutdown of the government was on a fast track to passage in the Republican-controlled House of Representatives on Wednesday.
The bill to continue funding the government without last-minute drama came as President Barack Obama took the unusual step of inviting Republican Senators to dinner Wednesday night at a Washington hotel a few blocks from the White House.
WASHINGTON (Reuters) – President Barack Obama plans to meet with several Republican senators for dinner on Wednesday as part of his effort to revive talks to tackle the nation’s long-term deficit, a congressional aide confirmed.
The dinner is part of Obama’s outreach effort as he attempts to cobble together what he calls a “common sense caucus” among lawmakers to help resolve budget woes and push his legislative agenda.
WASHINGTON, March 5 (Reuters) – The U.S. Congress is moving
rapidly to pass legislation funding the federal government
through Sept. 30, as Senate leaders on Tuesday expressed
eagerness to avoid any threat of agency shutdowns when money
runs out on March 27.
“I’m cautiously optimistic we’re going to reach a solution
before we leave here for the Easter recess,” which is scheduled
to begin on March 23, Senate Majority Leader Harry Reid told
reporters on Tuesday.
WASHINGTON, March 4 (Reuters) – Tension over the U.S. fiscal
crisis eased on Monday as President Barack Obama called more
opposition lawmakers to find a way to stop $85 billion in
damaging budget cuts and congressional Republicans announced a
plan to prevent a government shutdown.
Eager to resolve fiscal fights overshadowing his second
term, the Democratic president called Maine Republican Senator
Susan Collins and Oklahoma Republican Senator Tom Coburn after
speaking to other Republican senators over the weekend.