Home / News / WSJ: Obama, GOP Leaders in ‘Preliminary’ Talks for 2-Year Budget

WSJ: Obama, GOP Leaders in ‘Preliminary’ Talks for 2-Year Budget

BudgetRepublican leaders have opened discussions with President Barack Obama about crafting of a two-year budget in an effort to avoid a government spending standoff during the 2016 presidential election year, the Wall Street Journal reported Tuesday.

Siobhan Hughes and Kristina Peterson write the White House and Republican leaders are gearing up to identify a strategy to manage sequestration caps for the 2016 and 2017 fiscal years.

“We’d like to settle a top line for both years so that next year we can have a regular appropriations process,” Senate Majority Leader Mitch McConnell (R-Ky.) was quoted as saying by WSJ.

President Obama and House Speaker John Boehner (R-Ohio) also want to collaborate with Democratic leaders to work out a two-year budget deal, the newspaper reports.

The preliminary budget talks started before Boehner announced his plans to resign from Congress at the end of this month as House and Senate lawmakers try to prevent an Oct. 1 shutdown with a stopgap funding bill.

The bill would keep the government funded until Dec. 11 and Congress aims to pass it by Wednesday.

Check Also

SEC to Address Financial Technology Concerns, Innovations via New Hub

The Securities and Exchange Commission has opened a hub where it can coordinate with public and private sector entities to address concerns and initiate developments in financial technology.

Leave a Reply

Your email address will not be published. Required fields are marked *