Page 3 - Sequester Levels News Today : Breaking News, Live Updates & Top Stories | Vimarsana

More targeted cuts. >> on this that the republicans have requested, the republicans, they don't say no, that's not true. who's telling the truth here? what's going on? >> i mean, it just, i don't know what truth they are subscribing to. we have a budget that passed the house, one that passed the senate. we've been trying to get the republicans to appoint conferees, and they've refused. we have only been able to send a handful of our appropriations bills to the house. they want even deeper cuts than the current sequester levels r so look, i'm grad we've reached a bipartisan compromise coming fr...

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. it's 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 that's not going to happen now. >> they would keep the level of funding at the lower sequester now but not the lower lev...

Our bills and work on a longer term deal so we can replace the sequester, make sure we're 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, that's when the next group of cuts from the sequester would kick in. >> yes. >> this is to end the spending bill so that the democrats hope they can moderate the next cuts to come on january 15th. >> i've heard republic...

They're -- they're focused on. >> well, and so harry reid said over the weekend about this plan, quote, it's 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 it's possible looking at the time table right now, do you think it's possible to pass a deal, perhaps this deal, perhaps something different, by that thursday deadline? >> sure it's entirely possible. let me take a step back and tell you where i'm told this morning the state of play is. as we just heard, a lot of discussion among these bipartisa...

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 those in place and set a framework that allows us to deal with the big issues our nation faces which i...