Congress: We're Not Avoiding Cliff Cuts

Democrats considering putting them off again, but many skeptical deal will emerge

By Kevin Spak,  Newser Staff

Posted Jan 30, 2013 11:15 AM CST

(Newser) – Washington is bracing itself for a sweeping, painful set of across-the-board spending cuts, because lawmakers doubt they'll be able to come up with a deal to avert them, the Washington Post reports. While proposals are in the works to avert what's known as sequester, party leaders don't see a compromise emerging before the March 1 deadline. Harry Reid is considering delaying them yet again, the Wall Street Journal reports, but is insisting that such a delay come with more tax revenue and spending cuts attached.

Republicans say more revenue is out of the question, and they're not desperate to avoid sequester. While the cuts were devised as a Sword of Damocles that would force a compromise, the emerging consensus is that they wouldn't be so bad, harming the economy and rattling markets only a little. The sequester "is the only cuts we've got right now," John Cornyn says. Paul Ryan recently echoed the sentiment, saying sequester would make Republicans less likely to shut down the government when the budget expires March 27.

I think it’s more likely to happen. And I’m ashamed of the Congress, I’m ashamed of the president, and I’m ashamed of being in this body, quite frankly, Lindsey Graham says.
"I think it’s more likely to happen. And I’m ashamed of the Congress, I’m ashamed of the president, and I’m ashamed of being in this body, quite frankly," Lindsey Graham says.   (AP Photo/Ann Heisenfelt)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
5%
5%
1%
13%
8%
69%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   HitFix   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   CollegeHumor   |   Barstool Sports   |   OK!