Deadline Deadlock

Monday, February 21, 2011 - 8:08am

With no spending plan in sight, the U.S. Government could face a shutdown.

In Washington, the debate over what to cut has the stakes growing higher.

New York Senator Chuck Schumer said, "We have said shutdown is off the table. Speaker Boehner, Mitch McConnell other Republican leaders have not taken it off the table."

Wisconsin Representative Paul Ryan said, “Look we're not looking for a government shutdown, but at the same time we're also not looking at rubber stamping these really high elevated spending levels that Congress blew through the joint two years ago.”

On Saturday, the Republican controlled House passed 61-billion dollars in cuts, but Senate Democrats say that leaves too many Americans paying the price.

Now the showdown could lead to a shutdown for the first time since 1996, which saw a four-week government closure.

President Obama said, “It would be destabilizing at a time when, I think, everybody is hopeful that we can start growing this economy quicker.”

President Obama has urged Congress to compromise and find slimmer spending cuts.

But House Speaker John Boehner has vowed there will be no temporary funding without serious slashing.

With the debt at record levels, Republicans think this time the public is behind them.

With the clock ticking and neither side ready to blink, we could soon find out.

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