Tuesday, February 8, 2011

The Latest From Bipartisan Talks on Reducing the Budget Deficit

From Politico:

As key senators met Monday evening on a bipartisan deficit reduction plan, President Barack Obama faced increased pressure to articulate a strategy for himself and his party, already so edgy about spending cuts that many Democrats seem prepared to ignore the consequences for policy.

Indeed, Obama and House Republican leaders share this much in the coming budget wars: Both are racing to catch up with the train. And just as the president must contend with panicky Democrats, Speaker John Boehner (R-Ohio) faces tea party freshmen wanting to more than double the $32 billion in reductions now proposed by the GOP for the last seven months of this fiscal year.