White House budget director Jack Lew said Sunday that the Obama administration is holding out hope for a grand deal to reduce the deficit and raise the debt ceiling, though negotiators appear to be drifting farther apart.
In multiple interviews, Lew said President Obama wants to strike "the largest deal possible" over the next two weeks.
"There's still time to get something big done," Lew said.
However, Lew acknowledged that the deficit and debt talks are proceeding on "multiple tracks."
Yah,
ReplyDeleteObama want tax hikes now, then the debt ceiling raised now, and the cost cutting comes three years from now when there is a new congress that will cancel the cost cuts.