Clock Is Ticking for Recess, and for a Deficit Deal
By JONATHAN WEISMAN, NYT
WASHINGTON — Budget talks between the White House and Senate Republicans have gone nowhere since Congress began its summer recess, increasing chances of a fiscal stalemate that could lead to a government shutdown in October or the threat of a government default later in the fall.
Negotiators who had hoped for a summer breakthrough say the chances for a major deficit reduction deal are rapidly slipping away. While many members of both parties say they would like to avoid either a shuttering of the government as of Oct. 1 or a default caused by failing to increase the federal debt limit, no acceptable solution has emerged. Lawmakers say the consequences could be severe.
“It ends badly for the American people and the Republican Party if we shut down the government,” said Representative Reid Ribble, Republican of Wisconsin and a member of the House Budget Committee. “I hope grown-ups get in a room and behave like grown-ups, not simply actors on a political stage.”
In search of a compromise, a group of Senate Republicans are scheduled to meet with top White House officials next Thursday, the first such meeting since Aug. 1, when negotiators promised that staff and high-level talks would continue throughout the month.
(More here.)
WASHINGTON — Budget talks between the White House and Senate Republicans have gone nowhere since Congress began its summer recess, increasing chances of a fiscal stalemate that could lead to a government shutdown in October or the threat of a government default later in the fall.
Negotiators who had hoped for a summer breakthrough say the chances for a major deficit reduction deal are rapidly slipping away. While many members of both parties say they would like to avoid either a shuttering of the government as of Oct. 1 or a default caused by failing to increase the federal debt limit, no acceptable solution has emerged. Lawmakers say the consequences could be severe.
“It ends badly for the American people and the Republican Party if we shut down the government,” said Representative Reid Ribble, Republican of Wisconsin and a member of the House Budget Committee. “I hope grown-ups get in a room and behave like grown-ups, not simply actors on a political stage.”
In search of a compromise, a group of Senate Republicans are scheduled to meet with top White House officials next Thursday, the first such meeting since Aug. 1, when negotiators promised that staff and high-level talks would continue throughout the month.
(More here.)
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