Sunday, October 13, 2013

Senators return to work on fiscal crisis, but uncertain about how, when it will end

FILE: October 3, 2013: House Majority Leader Eric Cantor after a news conference at the U.S. Capitol in Washington, D.C.REUTERS
Two top senators gave bleak assessments Sunday of the likelihood of Congress swiftly reaching deals to end one fiscal crisis and avert another, with the Republican lawmaker saying Democrats are now overreaching in their demands.
“We will see our way through this, but the last 24 hours have not been good,” Tennessee Sen. Bob Corker told “Fox News Sunday.” “I agree that Republicans started with the overreach, but now Democrats are one tick too cute. They are now overreaching.”
Corker argues that Senate Democrats want Republicans, as part of the fiscal negotiations, to roll back the steep cuts to government spending, known as sequester and signed into law in the 2011 Budget Control Act.
He told Fox News the cuts are just as much the law of the land as ObamaCare, which Republicans tried to dismantle in the deals – one to end the partial shutdown of government services that started Oct. 1 and another to agree on the nation's borrowing limit before Thursday’s deadline.
Corker also said he thinks the White House told Senate Democrats earlier in the weekend to pull back.  
Sen. Joe Manchin, D-W.Va., is among 24 senators who have given bipartisan support to a proposal put forth by Maine GOP Sen. Susan Collins that Majority Leader Harry Reid rejected Sunday.
Via: Fox News
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