Archive for July 31, 2011


Washington (CNN) — Gene Sperling, the director of President Obama's National Economic Council, said Sunday the White House will accept a compromise that only contains mutually acceptable spending cuts, as part of the initial deficit reduction package. Sperling, who has been at the center of the ongoing negotiations between the White House and Congressional leaders, said the second phase of the plan would tackle more significant deficit reduction … Read More

via CNN Political Ticker

Advertisements

Washington (CNN) — Republican Sen. Lindsey Graham said Sunday he is not ready to vote for the debt ceiling compromise, but that the Republican Party can declare "limited" victory in the negotiations. The South Carolina senator said he supports the decision to pay for future debt increases dollar for dollar, but that the agreement fails to address entitlement changes or reduce the size and scope of government. "I think what we've been able to ach … Read More

via CNN Political Ticker