Tags: BNALL | BNSTAFF | BNTEAMS | BUD | CNG | DCAA | EXE

McConnell Seeks ‘Significant’ Spending Changes in Debt Plan

Thursday, 12 May 2011 02:32 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Senate Minority Leader Mitch McConnell said he is seeking “significant” changes in short, medium and long-term spending in exchange for his agreement to raise the U.S. debt limit.

Speaking to reporters after Senate Republicans met with President Barack Obama, McConnell said such goals must include a two-year cap on discretionary spending that reduces outlays to help bring down the deficit.

“To get my vote we’re going to have to establish a cap in year one and year two,” he said.

McConnell of Kentucky said the lawmakers had a “candid exchange” with the president on deficit and spending issues.

The minority leader said he believes the group of lawmakers meeting twice a week with Vice President Joe Biden is the most likely to come up with a deficit-cutting agreement that all sides could embrace. A bipartisan group of six senators also has been meeting on the deficit, though McConnell said that group didn’t include anyone from the White House.

McConnell also said a comprehensive tax overhaul can’t be accomplished before August. In addition, a debt plan is unlikely to address Social Security because Democrats oppose it, he said.

 

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Tea Party Express Chairwoman Steps Down

Friday, 18 Apr 2014 14:23 PM

Amy Kremer, chairwoman of the Tea Party Express is leaving her post so she can focus on the campaign for Senate Minority . . .

SC Gov. Haley in Double-Digit Lead Over Democratic Challenger

Friday, 18 Apr 2014 14:04 PM

South Carolina Republican Gov. Nikki Haley holds a substantial lead over Democratic challenger Vincent Sheheen in this y . . .

Democrat Super PAC Banks $6.5M for TV Ads in 24 Key House Races

Friday, 18 Apr 2014 13:18 PM

A Democrat super PAC plans to blitz the airwaves in the fall with TV ads in two dozen key House races as the embattled p . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved