Reply #53: Budget wars: Down to the wire

[Demeter]

http://www.politico.com/news/stories/0411/52623.html

With Republicans upping the ante on spending cuts, President Barack Obama took a tougher line himself Tuesday, warning he won’t sign another stopgap bill without first reaching a deal over the 2011 budget — even at the risk of a shutdown Friday. STUPID--STUPID--STUPID!

Obama’s comments followed a meeting with congressional leaders at which House Speaker John Boehner floated a compromise of $40 billion in spending cuts — $7 billion more than the $33 billion target negotiators have been working toward since last week.

Read more: http://www.politico.com/news/stories/0411/52623.html#ixzz1IkS2pRQM