Tags: Budget | deal | Battle | Obama

Obama Concedes Budget Deal May Be Impossible

Wednesday, 13 Mar 2013 07:54 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

President Barack Obama is conceding "we're probably not going to be able to get a deal" on budget, tax and spending issues with Congress if Republicans continue to insist that no new revenues can be raised unless entitlement programs are significantly overhauled.

Obama, who has been stepping up efforts to talk to both Republicans and Democrats this week, tells ABC News that "ultimately, it may be that the differences are just too wide."

Latest: Should ObamaCare Be Repealed? Vote in Urgent National Poll

In the interview broadcast Wednesday, the president says he doesn't think such a stalemate would amount to a crisis. But he also says it would be regrettable.

Obama says the purpose of his visits to Capitol Hill this week is "to identify what I call the common-sense caucus" in an effort to break the political gridlock.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved