Despite the fact that the spending plans will be miles apart ideologically, there are signs that some sort of compromise might be possible.
After officially one week of forced spending cuts, we’ve seen no major changes, John Berman says. But “cuts are coming.”
House Speaker Boehner said he would continue to insist that the next debt-ceiling increase be accompanied by matching spending cuts, raising the prospect of a showdown when the borrowing limit expires this spring.
After warning that across-the-board spending cuts would have catastrophic effects, White House officials are trying to play down fears that people will suffer hardships right away.
While the White House and Congress failed to reach an agreement to avoid automatic spending cuts that began taking effect on March 1, Sen. Kelly Ayotte, R-N.H., said she is still open to the idea of a “big agreement” to address the country’s long-term fiscal…
It’s official: President Barack Obama has signed an order – as required by the “sequester” legislation – to enact broad cuts to federal spending, according to a White House release.