obama want to come to the white house nice clock

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Here's the rub: At some point, Democrats - especially the most liberal members of the House and Senate - are just plain going to run out of programs they are willing to cut. Obama and House Republicans both want to reduce funding for a program that helps low-income people pay their energy bills during periods of extreme heat or cold.īoth would allocate less money for community services block grants, the Great Lakes Restoration Initiative, and the National Drug Intelligence Center.Īlso on the chopping block are a slew of minor earmark-like programs. But not enough to make a long-term deal that would be acceptable to Republicans. There is certainly still some remaining overlap. House Republicans identified the $4 billion in cuts in Wednesday's bill by combing their budget plan and Obama's 2012 budget proposal for spots where they agreed. But if Congress continues to pass two-week spending bills, more and more of what both parties agree on will be taken off the table. With the White House signaling a willingness to cut up to $8 billion, there is clearly some wiggle room for negotiation. Conrad confident on budget dealīut that plan was rejected by House Republicans, who instead moved their two-week plan through to the Senate. The White House argued that a 30-day bill would reduce uncertainty, both within the government and the public at large, over an impending shutdown.Ġ:00 / 01:50 Sen. The administration made an eleventh hour bid on Wednesday to trade additional budget cuts for some medium-term stability, proposing a month-long funding extension with up to $8 billion in cuts.

That's exactly the situation the White House was hoping to avoid. Except now, Republicans will be looking for roughly $57 billion in cuts instead of $61 billion.Īnd the clock is already ticking, with a little more than two weeks for negotiating before a shutdown on March 18. The cuts would result in less federal money trickling down into state and local government coffers, just as many states are facing severe budget shortfalls.Īdd all that up, and you end up right back at square one for negotiations. Their plan contains cuts to federal and local law enforcement and a few choice Pentagon programs. But the GOP would also make some of the 'tough choices' required when slashing the budget. Those cuts would help Republicans accomplish their political goals.

Obama want to come to the white house nice clock