Page 2 - Sequester Levels News Today

More targeted cuts. >> on this that the republicans have requested, the republicans, they dont say no, thats not true. whos telling the truth here? whats going on? >> i mean, it just, i dont know what truth they are subscribing to. we have a budget that passed the house, one that passed the senate. weve been trying to get the republicans to appoint conferees, and theyve refused. we have only been able to send a handful of our appropriations bills to the house. they want even deeper cuts than the...

Middle of january. the debt ceiling will be raised until probably the first week in february. and you know, the idea is that democrats gave a little bit, they think a lot because they wanted the debt ceiling to be raised through the end of 2014. its going to be earlier. and the republicans think they gave a little bit. they wanted to have the government open and move all the way into next year because you know, the sequester levels, another round of cuts happen in 2014. but thats not going to ha...

Our bills and work on a longer term deal so we can replace the sequester, make sure were adequately funding our budget. >> there is a timing issue here. one of the reasons why the democratic -- bipartisan, i should call it, bipartisan proposal that came out of the senate at the insistence of the democrats on the white house the continuing resolution spending bill january 15th, thats when the next group of cuts from the sequester would kick in. >> yes. >> this is to end the spending bill so that ...

Theyre -- theyre focused on. >> well, and so harry reid said over the weekend about this plan, quote, its not going to go anyplace at this stage. but then we here that hopeful optimism from manchin given the complex rultz of the senate, do you think its possible looking at the time table right now, do you think its possible to pass a deal, perhaps this deal, perhaps something different, by that thursday deadline? >> sure its entirely possible. let me take a step back and tell you where im told t...

Yesterday senator harry reid rejected the compromise lead by 12 senators, half republican, half democrats. it sounds like the other side is demanding, senator corker, that you reopen the government and extend the debt limit with no strings attached. will senate republicans accept that? >> well, again, are they going to try to change existing law which is now where they are, or are they going to agree to leave the budget caps that have been long established as u.s. law, are they going to leave th...

Fund the government in order to make sure that the sequester levels, the new forced spending cut levels that kick in, new spending cuts that kick in in january arent locked in. unclear if that is still part of the discussion, the crux of the discussion or if theyve move on to other issues. the big issue is the debt ceiling and length of raising the debt ceiling and what price if any democrats are willing to pay on that. one last thing, i was told just before coming down to the hallway here to ta...

Corker about that last hour. >> this is the first time since 1955 and 6 that weve had two years in a row of reduced spending, and, obviously, they dont like that, so they took what they thought was, they thought they were in a better place than us and tried to take advantage of that. hopefully, that move has been brought back to the middle, and if so, maybe we can move ahead today with an agreement. but they certainly were overreaching. martha: we will see. brit hume joins me now, good morning, ...

Or not the new sequester levels should be extended, which are ready to kick in. as you know there are democrats and people in the white house not happy about the sequester level. also the timing. is there some way to cut this in half and figure out how long a debt ceiling extension makes sense so were not facing this again in a couple of weeks? >> i do think there will be an agreement. andrea, lets be clear. where republicans no question in the house overreach to try to defund the bill, its an o...

House? >> reporter: well, thats the million dollar question, craig. i have to say in light of what the leaders said on the senate floor it has to be very encouraging for the global financial markets ifener closer to a deal. we dont know what a deal is going to look like. we know its going to be an extension of the debt limit. democrats want a long debt limit extension and short government funding. republicans want the inverse, they like the sequester levels and shorter extension of debt limit. p...

>> its worth pointing out, the thing we are fighting to reopen the government to do is to fund at sequester levels, right? the thing that was supposed to be so awful that no one would go for it is our new baseline. jowani, this morning, apparently, there was a bit of an attempt to retake the world war ii memorial by veterans. so senator cruz showed up. and i want to listen to senator cruzs understanding of the shutdown and then have you respond to it. >> two weeks ago, the house of representativ...