Sequester Budget Caps News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ceiling by the end of this month. jack lew says if you don't do that, if congress doesn't pass this legislation it will cause enormous harm to the u.s. credit rating, to the overall u.s. economy. are you ready to vote in favor of raising the nation's debt limit? >> well, the interesting thing is, in 2011 when we did raise the debt ceiling and added sequester budget caps, the s & p tried to downgrade it also. absolutely we should tie any increase in the debt ceiling to budgetary restraint and when the president says he won't negotiate with a gun to his head, he won't negotiate without a gun to ...

The one card that republicans have, that democrats desperately want to take from the republicans, is the sequester. i pray they don't give that away it because if you do, that spending is going to go right back through the roof again. >> to get a budget deal, the president has to take his demand for a tax increase off the table. you could trade the sequester budget caps on discretionary spending for entitlement reform. but the tax increase, nothing gets done. >> that's right. we used to say social security was the third rail in politics. republicans now raising taxes is the third rail. >> beca...