WASHINGTON (AP) — President Barack Obama is pressing Democrats to support a higher deficit reduction proposal that could win Republican support for new tax revenue while reducing costs for major benefit programs such as Medicare and Social Security as the price to reach a deal on raising the government's debt limit.
Congressional leaders from both parties will go to the White House Thursday, hoping to move closer to a budget deal with less than four weeks to avert a first-ever default on U.S. financial obligations.
"I think there will be a spirit of trying to get results here," House Majority Leader Eric Cantor, R-Va., said early Thursday.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
