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Obama Signs New Stopgap Spending Bill As Budget Talks Continue

3 years ago
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President Obama on Friday signed a stopgap spending bill that cuts $6 billion from the current federal budget and provide funds to keep the government operating through April 8.

The measure, approved by the House and Tuesday and the Senate on Thursday, gives negotiators breathing room to try to hammer out a longer-term spending plan for the rest of the fiscal year, which ends Sept. 30.

Another stopgap bill passed in early March trimmed $4 billion in federal spending. It was set to expire March 18.

The $10 billion in cuts are far short of the $61 billion the GOP-controlled House agreed to trim from the federal budget for the rest of the fiscal year. But the Democratically controlled Senate rejected the larger House bill, and the impasse over the budget has forced Congress to consider short-term measures until a compromise can be reached.

CNN reported that top aides to the president and congressional leaders have been meeting in an effort to resolve their differences over the longer-term bill.

Meanwhile on Friday, more than 60 senators from both parties signed a letter urging Obama to "to support a broad approach to solving our current budget problems," the Washington Post reported. The letter cites the recommendations of the presidential deficit reduction commission that, among other things, called for tax increases and a package of painful cuts.

"While we may not agree with every aspect of the Commission's recommendations, we believe that its work represents an important foundation to achieve meaningful progress on our debt," the senators wrote. "By approaching these negotiations comprehensively, with a strong signal of support from you, we believe that we can achieve consensus on these important fiscal issues."

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19 Comments

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catalogsplus

President Obama is certainly no leader on this issue and is one of the most incompetent presidents in my lifetime and I am not young. Most of my family has supported him but one by one he is losing support acorss America as people are waking up. I cannot imagine many people supporting him in 2012 though the other choices will likely be just as bad anymore.

March 20 2011 at 8:55 PM Report abuse -5 rate up rate down Reply
larryvnyrd

I think the Republicans should shut down the government if they don't get their entire list of cuts, and they should not accept any tax increases. After all it has been proven that anytime the economy is messed up it is because rich people don't have enough money!
It worked out so well for them when Gingrich did the shutdown thingy to Clinton. We have seen this play before, all that has changed is the cast. We rally don't need to see it again. Another Bush, another Recession, another Democrat attacked from the start. Another midterm election victory for the right, a budget battle, a few shut downs. A reelection of the Democrat, gridlock the whole time.....etc. Finally Distingushed Gentlemen, have you NO shame whatsoever?

March 20 2011 at 4:49 PM Report abuse +6 rate up rate down Reply
larryvnyrd

This is cool .First you bankrupt the country spending 8 years running a 50 billion dollar deficit, the cut all programs you don't like claiming we are too broke to fund them. Had Bush kept the Clinto era pay as you go system, not went to Iraq, and not cut taxes, we would not only still have a surplus, but we would very nearly be out of debt. That is what the hero of the right cost our nation. No right wing people minded his debt runup except McCain. They were concerned with the important issues, you know, Abortion, Flag burning, Gays, Guns...etc.
Oh yeah,and calling people like me, the American Ex prisoners of war association, Stormin Norman and others opposed to the Iraq war, unamerican. Now it's the teachers unions, NPR, tsunami warning systems, etc. The sheep graze on, but I suppose if God didn't want them sheared he wouldn't have made them sheep.

March 20 2011 at 4:36 PM Report abuse +7 rate up rate down Reply
The Wright's

We should have not agreed to give the richest 2% tax cuts. Everyone has to tighten thir belts,most including the rich. We all have to sacrafice and especially those who have the most!
This however ,is not the agenda of the Right!
Trickel down theory has never worked and only panders to the greed of those who have!

March 20 2011 at 2:35 PM Report abuse +14 rate up rate down Reply
sfamilyent

It is the obligation and duty of Congress to manage the US budget, and yet we have senators asking for the president "to support a broad approach to solving our current budget problems,"... Come on Congress, do your job! Republicans - balancing the budget requires increasing revenues in addition to cutting spending... Democrats - spending needs to be reduced across the board, including social programs... Now really, if Congress also did their job with respect to regulating commerce and acted to reduce our significant trade deficits and creating domestic jobs, we'd increase tax revenues, wouldn't we?

March 20 2011 at 7:33 AM Report abuse +12 rate up rate down Reply
tistolaugh

So now jjjohnblack is accusing me and others of being a racist for daring not support Obama, which is hilarious considering I am hispanic and have seen racism up close against members of my own family. The only argument the left seems to have to support their flailing leader is to still use the tired worn out phony race card. It's pathetic and despicable at best. I could not care less if President Obama were green, I see nothing special about his leadership. Quite the contrary.

March 20 2011 at 12:35 AM Report abuse -10 rate up rate down Reply
warren

I hear all the time about handing debt to our chidren and grandchildren then I see people cutting benifits for state and government workers, privatizing government functions,passing laws to restrict rights of women,cutting aid to education,infracture ,food and environmental safety etc.,and all the while giving away corporate welfare.If a 4% marginal rate increase is such a bitter pill to swallow and defense spending is not able to be touched,and we can't get rising medical costs under control then there is not hope for the defficit and the middle class will be a thing of folk lore and will do more harm to your children and grandchildren than anything else.Two tax cuts and call me in the morning is not responsable government while you borrow and spend money from entitlement trust funds.Tax and spend more doesn't work either so maybe people we elect should start to find real solutions instead of rhetoric.

March 19 2011 at 10:41 AM Report abuse +1 rate up rate down Reply
Mingo

will someone please ask our president and anyone else in the administration WHERE IS OUR 2 TRILLION DOLLARS??????? Seems they can not account for it . We were by this admnistration that all spending would be in the open where all could see Now even the people with the book don't know where it is . Yep 50 czars and 240,000 new employees and George Soros telling him what to do ,the president can't say where the 2 trillion dollars went or is

March 19 2011 at 9:29 AM Report abuse -19 rate up rate down Reply
1 reply to Mingo's comment
tistolaugh

Mingo not only can they not account for it, they want trillions more in borrow and spending that taxpayers will be responsible for. The left seems to have a one solution borrw and spend plan for everything.

March 19 2011 at 4:11 PM Report abuse -19 rate up rate down Reply
1 reply to tistolaugh's comment
lkydrgn

2 trillion $, try looking in the " red " states. Who do you thinking are asking for a bailout of their budget deficits- Texas, Arizona, Florida, and Ohio are just some to name a few!

March 20 2011 at 11:15 AM Report abuse +7 rate up rate down
inasctg56

And Mr. Boehner spent time on changing Pelosi's biodegradable cups used in congress to styrofoam cups because guess who owns the styrofoam cup company - the ceo of Koch. Will he ever get around to jobs, illegal immigration, or an energy policy?

March 19 2011 at 1:10 AM Report abuse +20 rate up rate down Reply
inasctg56

When the defense secretary hands billions in cuts to you, you don't say no thanks Mr. Boehner. The gop's cuts are self serving. Cuts to the IRS because they were just given the resources to go after offshore accounts and so called offshore corporate headquarters. For every dollar given the IRS we get ten in return. The gop is not making cuts in the right areas at the federal or state levels - it's just more of failed policies and legislation.

March 19 2011 at 1:07 AM Report abuse +20 rate up rate down Reply

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