WASHINGTON (AP) -President Barack Obama and congressional leaders are set to resume budget negotiations at the White House this morning.
While the president continued to push for a "grand bargain" to produce some $4 trillion worth of deficit cuts at a session last night, Republicans are opposing increases in tax revenue that would include.
The Senate's No. 2 Democrat tells ABC that lawmakers need to stay and "close the deal" on a budget agreement to avert a government default. Illinois Sen. Dick Durbin says he's "disappointed" that White House talks failed to make headway last night.
Durbin opposeS a stopgap solution, saying he's "worried about this idea that we can lurch from week to week and month to month." He said that if lawmakers don't have the will to get a deal done, public outrage over economic conditions is going to "fall on our shoulders."
Negotiators face an Aug. 2 deadline for raising the nation's debt ceiling.The No. 2 Senate Democrat is demanding that fellow lawmakers "close the deal" on a new budget agreement to avert a government default in about three weeks.