Spending/Debt Reduction Deal Stuck in the Mud

Speaker Boehner and President Obama

Washington Times - President Obama and congressional leaders ended a Sunday night session of deficit-reduction talks at the White House without announcing any progress, but they agreed to meet again Monday. The president also scheduled a news conference for 11 a.m. Monday at the White House on the negotiations, in which he is still pushing to include tax increases as part of a $4 trillion deal over 10 years. House Speaker John A. Boehner, Ohio Republican, announced Saturday night that he won’t agree to the president’s $4 trillion target if it included tax increases. On Sunday, his office said he reiterated that point at the meeting, saying that he favors a deal closer to the $2 trillion in cuts floated by a bipartisan commission led by Vice President Joseph R. Biden. Read full story here: News New Mexico

Spending/Debt Reduction Deal Stuck in the Mud