Budget Battle

Wednesday, April 6, 2011 - 9:04am

Lawmakers return to the White House for a second day of intense negotiations.

There were more negotiations at the White House today resulting in a visibly frustrated President Obama.

"Act like grownups." “What we can't do is have a "my way or the highway" approach to this problem," said Obama.

He says Democrats have agreed to 73 billion in budget cuts.

House Speaker John Boehner said, "The White House is proposing cuts far beyond things that we would have imagined."

But now they're back and forth over what to cut. The Tea Party is standing firm and things don't look good for a deal by Friday.

Senate Majority Leader Harry Reid said, "There's only so much that we can do. We have bent over backwards to try to be fair and reasonable."

Chairman of the House Committee on the Budget Paul Ryan said, "If we don't get agreements in the intervening time because of politics or whatever, at least in 2012 they'll have a real choice."

The Republicans' new budget for next year cuts over 4 trillion in spending, but the Congressional Budget Office says we'll be upside down for almost another 30 years.

Vermont Senator Bernie Sanders said, "The rich get richer they get tax breaks, poor get poorer, they lose programs that are life and death to them."

Those on Medicare would pay more. Doctors could get less and the poor could lose coverage.

But first: this year's budget is in a stalemate and President Obama says: no more extensions.

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