Tags: gop | fiscal | deal | obama

Republicans, White House in Talks on Fiscal Deal

Thursday, 18 Jul 2013 01:04 PM

By Lisa Barron

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Republican senators and top administration aides have been meeting for weeks to try to find a way to avoid a crisis when the federal government hits its debt limit this fall, reports the National Journal.

"Everybody's trying to assess whether we can accomplish something that would be big," Republican Sen. Richard Burr of North Carolina told the publication. "Big is reforming entitlements and it's impossible to see a path where you get additional revenue without tax reform being part of it."

White House Chief of Staff Denis McDonough is reportedly running the meetings, which includes Office of Management and Budget Director Sylvia Mathews Burwell. In addition to Burr, the GOP senator Kelly Ayotte of New Hampshire, Saxby Chambliss and Johnny Isakson of Georgia, Bob Corker of Tennessee, Lindsey Graham of South Carolina, John Hoeven of North Dakota, and John McCain of Arizona, who told the Journal the talks are still in the "embryonic stage," are involved.

According to the Journal, Obama's offer from December of $600 billion in new tax revenue in exchange for $400 billion in Medicare and other healthcare cuts remains the same.

Burr said Republicans want the new revenue to come from a mix of entitlement and tax reform, and structural reforms to cut spending.

"You can't accomplish big things in Washington without a level of trust between both parties. That's in the process of trying to be rebuilt," he told the Journal.

"It doesn’t' exist right now. And I think this is the best formula to try to rebuild it. The jury's still out as to whether we can accomplish it."


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> 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

NYT's Cohn: No Sign of GOP Wave in Midterms

Tuesday, 29 Jul 2014 08:41 AM

Despite President Barack Obama's dismal approval ratings and domestic and global crises, Republicans regaining control o . . .

Campaign Finance Reform Groups to 'Fight Money with Money'

Tuesday, 29 Jul 2014 07:58 AM

Several new PACs are working to dilute the influence of big money in campaigns by backing candidates who would encourage . . .

McConnell Inches to First Lead Over Challenger in Kentucky

Tuesday, 29 Jul 2014 07:22 AM

Senate Minority Leader Mitch McConnell has inched ahead to a 2 percentage point lead over Democratic challenger Alison L . . .

Most Commented

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