
Source: Philip Rucker, Paul Kane and Lori Montgomery / The Washington Post
Heading into key debt talks with the White House, congressional Republicans publicly split Thursday over the prospects for their ambitious proposal to transform Medicare.
The division came as two senior Republicans, House Majority Whip Eric Cantor (Va.) and Senate Minority Whip Jon Kyl (Ariz.), entered Blair House Thursday morning for the start of a broad fiscal negotiation with Vice President Biden and Senate Democrats. The talks are designed to reach a deal to allow the Treasury to continue borrowing money to finance the federal government in exchange for budgetary changes that would slash annual deficits.
Less than three weeks after his ambitious 10-year plan was approved, House Budget Committee Chairman Paul Ryan (R-Wis.) said that Republicans are “under no illusion” they will reach an agreement on changes to Medicare and other contentious issues that have divided the two parties in the current budget battle. Rather, he said, House Republicans would accept a deal to raise the legal limit for government borrowing in exchange for spending cuts and other spending controls.
“We are under no illusion that we’re going to get everything we’ve always wanted in this one bill, but let’s get a good down payment,” Ryan said in a question-and-answer session following a Thursday morning speech before the American Council for Capital Formation.
To read this article in its entirety visit The Washington Post.
Sphere: Related Content
Related Posts
Source: Stephanie Kirchgaessner and James Politi in Washington / Financial Times
Barack Obama is expected to lay out a plan next ...
READ MORE
Visit msnbc.com for breaking news, world news, and news about the economy
Rep. Allen West (R-FL) says Democrats oversee a "21st ...
READ MORE
Source: Elise Foley / The Huffington Post
Washington - Senate Democrats attacked the "Cut, Cap and Balance" measure on Wednesday, calling ...
READ MORE
Roland Martin and the Washington Watch roundtable discuss African-Americans fiercely defending President Barack Obama, Medicare reform and handling the deficit.
READ MORE
Source: Alan Silverleib / CNN
Kathy Hochul, the Democratic clerk of Erie County, swept to victory Tuesday night in the race ...
READ MORE
In 2009 we saw Republicans going after Democrats because of healthcare. Cong. Paul Ryan released his budget and now ...
READ MORE
Source: Jonathan Karl and Matthew Jaffe / ABC News
For months, Democrats have been accusing Republicans of pushing Congress toward a ...
READ MORE
At the top of our agenda this week: a look back on the stories that made 2010 a political year ...
READ MORE
Source: David Espo / The Washington Post
Washington - Senate Republicans intend to block action on virtually all Democratic-backed legislation unrelated ...
READ MORE
Source: CNN
Washington - Leadership elections for the Democratic and Republican caucuses in the House are scheduled for Wednesday.
Republicans, who won ...
READ MORE
FINANCIAL TIMES: President Obama To Propose Medicare And
Rep. Allen West Picks A Fight With Dems
Sen. Tom Harkin: House Republicans Have Morphed Into
Circling The Wagons Around President Obama, Medicare, Budget
Republicans On Defensive Over Medicare After Special Election
Angry Seniors: Cong. Paul Ryan’s Proposed Budget Takes
Howard Dean Says Government Shutdown ‘Best Thing in
Washington Watch w/Roland Martin, 12.26.10 [Transcript]
Senate Republicans: We’ll Block Almost Everything
House Democrats And Republicans To Choose Leadership