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White House: Republicans will compromise as cuts bite

March 3, 2013 16:00
As the blame game over a stinging package of deficit-reducing spending cuts grinds on, the White House said Sunday that as voters start to feel the pain, Republicans will pivot and seek compromise. But the Republicans did not sound like they were in any mood to budge, with the party's Senate leader Mitch McConnell saying the American people understood it was time for belt-tightening.

White House: Republicans will give in on cuts

March 3, 2013 13:15
As the blame game over a stinging package of deficit-reducing spending cuts grinds on, the White House said Sunday that as voters start to feel the pain, Republicans will pivot and seek compromise. But the Republicans did not sound like they were in a mood to budge. The administration of President Barack Obama also denied suggestions it is hyping the consequences of the so-called sequester -- $85 billion in military and domestic spending cuts crammed into the seven remaining months of the fiscal year.

White House delays 2014 budget after 'fiscal cliff' standoff

January 14, 2013 19:30
WASHINGTON, Jan 14 (Reuters) - The White House will delay submission of its budget proposal to Congress for fiscal year 2014 because of the protracted fight over the "fiscal cliff," according to an official in President Barack Obama's budget office. Jeffrey Zients, deputy director for management at the White House Office of Management and Budget, told Congressman Paul Ryan in a letter dated Jan. 11 that the long period it took to resolve tax issues in the "fiscal cliff" deal led to delays in the administration's budget process.

ANALYSIS-'Fiscal cliff' deal sours U.S. tax reform outlook

January 8, 2013 10:03
* Hopes dim for 'grand bargain' on taxes, spending * Democrats want more revenue from tax code revamp * Republicans say "cliff" deal means tax debate over * Gridlock may mean corporate tax reform hopes dashed By Kim Dixon and Kevin Drawbaugh
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