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Mon Dec 31, 2012, 12:42 PM

Senate Dems Balk At Last-Minute GOP Fiscal Cliff Demand

Source: TPM

Late night and early morning negotiations between Senate Minority Leader Mitch McConnell and Vice President Joe Biden brought the parties closer to a consensus on how to avoid the fiscal cliff — a deal that includes potential Democratic revenue concessions and a GOP agreement to green light new spending without offsetting budget cuts.

But at least one key substantive issue remains, and on Monday morning, a leading liberal senator suggested he might quash the agreement, if it ever reaches the floor as legislation.

“There is definitely no deal yet,” said a senior Democratic aide. “Republicans are pushing a three-month sequester turnoff which Democrats cannot accept because it just kicks the can down the road.”

Republicans hope to defuse the tax piece of the fiscal cliff and delay its spending cut provisions until early next year, at around the time when the debt limit will have to be increased, and Congress will have to appropriate funds to run the federal government.

-snip-

Read more: http://tpmdc.talkingpointsmemo.com/2012/12/fiscal-cliff-debt-limit-sequester-bush-tax-cuts.php?ref=fpnewsfeed

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Reply Senate Dems Balk At Last-Minute GOP Fiscal Cliff Demand (Original post)
DonViejo Dec 2012 OP
DallasNE Dec 2012 #1
global1 Dec 2012 #2

Response to DonViejo (Original post)

Mon Dec 31, 2012, 01:20 PM

1. This Does Sound Like A Poison Pill To Me n/t

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Response to DonViejo (Original post)

Mon Dec 31, 2012, 01:22 PM

2. So Do You Think McConnell Bringing Biden Into These Talks Gives The Repugs Cover Should....

we go over the cliff? Will they blame it on the Dems now?

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