Government Shutdown Looms Over Economic Recovery
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Negotiations between congressional leaders and the White House trudged forward Friday, as last-ditch efforts to fund the government beyond midnight continue.
Senate Majority Leader Harry Reid, D-Nev., said Democrats in Washington D.C. have agreed to $38 billion in cuts, bringing the left closer to the Republican proposal and putting a deal in place for spending levels.
House Speaker John Boehner, R-Ohio, was far less optimistic than his Democratic counterparts on the issue of spending.
"We're still in discussions," Boehner said. "Most of the policy issues have been dealt with. The big fight is over the spending."
Another conflicting view from the Republican party came from Senate Minority Leader Mitch McConnell, R-Ky, who said "There'll be an agreement here shortly. I've been in many negotiations over the years; I assure you these are not unresolvable issues."
Boehner urged President Barack Obama to sign a short-term spending bill, which Democrats oppose due to restrictions on funding for groups including Planned Parenthood.
The White House has said a shutdown would impact about 800,000 federal employees and has potential to halt the economic recovery. Tax-refunds would cease, pay to soldiers would halt and housing loans would not be processed.
Senate Majority Leader Harry Reid, D-Nev., said Democrats in Washington D.C. have agreed to $38 billion in cuts, bringing the left closer to the Republican proposal and putting a deal in place for spending levels.
House Speaker John Boehner, R-Ohio, was far less optimistic than his Democratic counterparts on the issue of spending.
"We're still in discussions," Boehner said. "Most of the policy issues have been dealt with. The big fight is over the spending."
Another conflicting view from the Republican party came from Senate Minority Leader Mitch McConnell, R-Ky, who said "There'll be an agreement here shortly. I've been in many negotiations over the years; I assure you these are not unresolvable issues."
Boehner urged President Barack Obama to sign a short-term spending bill, which Democrats oppose due to restrictions on funding for groups including Planned Parenthood.
The White House has said a shutdown would impact about 800,000 federal employees and has potential to halt the economic recovery. Tax-refunds would cease, pay to soldiers would halt and housing loans would not be processed.
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