% | $
Quotes you view appear here for quick access.

Wal-Mart Stores Inc. Message Board

  • bluecheese4u bluecheese4u Mar 3, 2013 7:27 PM Flag

    Obama Phones Lawmakers Seeking Ways to Recast Budget Cuts

    Obama Phones Lawmakers Seeking Ways to Recast Budget Cuts

    By Brian Faler & Jesse Hamilton - Mar 3, 2013 1:12 PM MT

    President Barack Obama has begun contacting Republican and Democratic senators in search of a budget compromise even as each party blamed the other for across-the-board cuts in government spending.
    The Democratic president worked the phones yesterday, calling senators “who he thinks could be part of a caucus of common sense to help move our country forward,” National Economic Council Director Gene Sperling said today on NBC’s “Meet the Press.” He didn’t identify the senators.

    Slightly more than $85 billion in cuts, affecting agencies and programs that range from the Pentagon to the Smithsonian Institution, began March 1 amid a more than two-year-old impasse over raising taxes and cutting entitlements.

    Even as lawmakers are deadlocked over what to do about the so-called sequestration, both sides signaled today they don’t want a second confrontation over legislation that will be needed to keep federal agencies running beyond March 27.
    “We should not have any talk of a government shutdown so I’m hopeful that the House and Senate will be able to work through this,” said House Speaker John Boehner on “Meet the Press.” The administration is amendable to legislation now being written in the House so long as it sticks to a $1.043 trillion spending level lawmakers previously agreed upon, said Sperling.
    “The president doesn’t believe in manufacturing another crisis,” Sperling said.
    Frank Meeting
    Obama met with congressional leaders March 1 in what Boehner called a “polite” though “very frank” meeting on the across-the-board cuts. “There are big disagreements between the two parties” and “I don’t think anyone quite understands how it gets resolved,” said Boehner, an Ohio Republican.
    Republicans will hold firm in their demands f


70.75-0.10(-0.14%)May 27 4:00 PMEDT