By Erik Wasson – 10/24/13 04:24 PM ET
Senate Majority Leader Harry Reid (D-Nev.) said Thursday he regrets being “too lenient” in previous budget talks with Republicans.
Reid said he and President Obama were too willing to compromise in talks that took place in 2011 and 2012, and that he intends to drive a harder bargain going forward.
“If you give a bully a dollar today, they ask for a dollar and a half tomorrow,” he said in a radio interview with Nevada’s KNPR. “It has taken a while for all my caucus to come to that understanding. And quite frankly, the president, wonderful man that he is, he doesn’t like confrontation and he likes to work things out with people.
”“I was too lenient. Don’t blame it all on him,” Reid added. He also ruled out the possibility that a budget conference committee convening next week will reach a “grand bargain” that would cut entitlements, raise taxes and reduce spending. Continue reading “Reid rules out grand bargain”
By Erik Wasson and Alexander Bolton – 10/15/13 06:49 AM ET
An emerging deal to reopen the government and raise the nation’s debt ceiling until February gathered political momentum Monday evening after Senate Republicans signaled they would likely support it.
Lawmakers and aides said the legislation would fund the government until Jan. 15 and extend the nation’s borrowing authority until February but leave ObamaCare largely untouched.
One senior Senate aide said it would raise the debt ceiling until Feb. 7 while another said Feb. 15 remains a possibility.
It would also establish a Senate-House budget committee to craft a replacement for the automatic spending cuts known as sequestration, which would have to report its work product to Congress by Dec. 13. Continue reading “Senate leaders near deal to end shutdown, raise debt limit”
By Erik Wasson and Alexander Bolton – 10/14/13 04:20 PM ET
An emerging Senate deal would raise the nation’s $16.7 trillion debt ceiling until mid-February, according to Senate aides.
There were conflicting claims on how long the extension would last, with one aide saying it would go to Feb. 15 and another saying Feb. 7.
It would immediately reopen the government and fund it until Jan. 15, the aides said.
The deal on the table between Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) would also establish a House-Senate budget committee to come up with a replacement for automatic sequestration cuts. The conference committee would have to report back to Congress by Dec. 13. Continue reading “Reid, McConnell near deal to end shutdown, raise $16.7T debt limit”
By Alexander Bolton – 10/14/13 12:45 PM ET
Senate Majority Leader Harry Reid (D-Nev.) hopes to have a deal to reopen the government and raise the debt ceiling by the time Senate leaders travel to the White House Monday afternoon.
Reid, Senate Republican Leader Mitch McConnell (Ky.), Speaker John Boehner (R-Ohio) and House Democratic Leader Nancy Pelosi (Calif.) are scheduled to meet with President Obama at 3 p.m.
Asked if Senate leaders would reach a deal by then, Reid said, “[I] sure hope so.” Continue reading “Reid hopes to complete fiscal deal ahead of White House meeting”