White House Agrees to $6.5B more in Budget Cuts

WASHINGTON (AP) – The White House and tea party-backed
Republicans in Congress are facing a gaping disagreement over how
much to cut from domestic programs over the next six months as a
down payment on out-of-control budget deficits.

Only two weeks remain before a stopgap funding bill runs out,
but neither party seems to be in a hurry to move off of its
position in any significant way – at least not yet.

In opening talks Thursday, Vice President Joe Biden offered
Republicans a package of mostly recycled budget cuts totaling $6.5
billion in response to GOP-backed legislation slashing domestic
agency budgets back to levels in place before President Barack
Obama took office.

The White House cuts fell well short of what resurgent
Republicans are demanding.

Categories: Money

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