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:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Roberts Scarcely Mentions Long AG Record in Kansas

Saturday, 25 Oct 2014 09:45 AM

One would hardly know from Republican Sen. Pat Roberts' campaign speech that he is revered as a champion of Kansas' all- . . .

Jeb Bush: I 'Quit Worrying About' Name Liability 'A Long Time Ago'

Friday, 24 Oct 2014 23:22 PM

Former Florida Gov. Jeb Bush was non-committal to South Carolina donors and business leaders questioning him about his p . . .

Cornyn, Democrat Alameel Meet in Only Debate

Friday, 24 Oct 2014 21:35 PM

Problems with the nation's immigration system have dominated a debate between U.S. Sen. John Cornyn and Democratic chall . . .

Most Commented

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