Tags: Barack Obama | Economic- Crisis | Obama Budget | budget cuts | Congressional Budget Office | Bill Frist | debt limit

Obama May Have to Give in Big on Budget

Monday, 25 Apr 2011 03:25 PM

By Dan Weil


As the Obama administration seeks Republican support for raising the debt limit, a consensus is forming on both sides of the aisle in Washington that the White House will have to make major concessions on budget cuts to succeed, Politico reports.

budget cuts,Congressional Budget Office,Bill Frist,debt limit,deficit
After a Congressional Budget Office report showed that the recent deal on a 2011 budget did little to cut the deficit, Republicans will seek more this time around.

“Politically, at this moment, I don’t see any way that Congress can pass a clean debt-limit bill,” Bill Hoagland, an adviser to former Majority Leader Bill Frist, told Politico.

“There are just too many people who have made too many statements on the Republican side in both the House and Senate.”





© 2015 Newsmax. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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