Page 23 - Sequester Cuts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mcconnell manage to -- >> that's -- i want to pick up, because the whole house piece, this is fascinating, but let's just -- i want to make sure we understand what it is that harry reid and the democrats are looking for here. this susan collins plan we were talking about yesterday morning, it would have extended the debt ceiling until the end of next january. >> right. >> it would have put in this, like, process, where supposedly the house and senate would agree on a long-term budget plan before -- between now and january or i get -- otherwise, the debt ceiling wouldn't be raised then. the oth...

Can't be extorted in the future. he has to draw a tough line. talk about overplaying your hand, the poker analogy. the sequester levels would be baked in. now not only are they not going to get any serious extractions from obama care, but they might lose sequester cuts as well. >> maybe you can clarify, yesterday morning we were talking about maybe democrats would be willing to go along with this. i think a two-year delay in the medical device tax with obama care. is harry reid saying that's not part of the deal for him? >> that's still something on the table. some sort of alteration to the me...

Did happen because the super committee didn't arrive at a deal. there are automatic spending cuts that are part of the law. if you extend the debt ceiling under the sequester, rather the government's funding under the sequester cuts, that means the cuts continue longer and the democrats don't like that. >> you asked for the sweet spot. a lot revolves around susan collins' proposal. the medical device passed 17-1. it would be good for the economy. there's bipartisan support. >> not even a repeal of the medical device act. this would be simply a two-year delay. >> clearly a permanent repeal woul...

But this actual issue has been on the table for weeks. >> oh, it's been on the table for months now. you know, this conversation has been moved so far to the right republicans have made demand after demand after demand. a couple days ago they were asking for quick approval of the keystone xl to be added on to this. the goal posts have shifted every day. to have a true compromise, you have to have both parties willing to play ball. but republicans have been unwilling to get rid of some of these very painful sequester cuts. of course, the democrats have made pretty modest demands. there's been n...

Do we have a deal? well, here's how republican senator bob corker described the situation this morning. >> well, there was some movement a couple days ago. i think things are not moving now. i think we're in a status quo. i do think we will see our way through this. but the last 24 hours have not been good. >> talks on a bipartisan plan apparently broke down over the length of the debt limit increase and whether to lock in additional sequester cuts that are set to start in the beginning of next year. so now it's up to senate leaders harry reid and mitch mcconnell to work out a compromise. they...