Sequestration Spending News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Members were desperately searching for a new speaker, john boehner, mitch mcconnell, nancy pelosi and harry reid were quietly trying to govern. the bipartisan congressional leadership has been working with the white house on weeks on an agreement to raise the debt ceiling and fund the government through march 2017. although there is no compromise bill yet with any detail, the republican members of the house and senate met tonight with leadership to discuss the outlines of the agreement. here's republican congressman tom cole's reaction tonight. >> given where everybody is at all and where they...

Although there is no compromise bill yet with any detail, the republican members of the house and senate met tonight with leadership to discuss the outlines of the agreement. here's republican congressman tom cole's reaction tonight. >> given where everybody is at all and where they were at on thursday and friday of last week, that's a bigger deal than i expected. it certainly beats a clean debt ceiling vote. >> e.j. dionne is back with us. we just have the outlines with us at this point. it would increase sequestration spending levels by $25 billion for military, another $25 billion fordow me...

To do. by the end you saw eric cantor essentially surrender at end of the night saying they would not have a bit. that goes back to the senate. republicans are minority. have less leverage. they will come up with something. bill: what is that something? what is expected i guess is the right way to phrase that? >> they will fight over how long to extend the government spending agreement because republicans want it to be longer because it has those lower levels of sequestration spending. same thing democrats want it to be shorter. they will talk about that. and republicans will want to add somet...

If you could bet on the odds of a deal what would they be? >>guest: i never thought they could do the big deal by the end of the year there isn't time to put those pieces together but i think there are two alternatives now, and one is they basically kick all the cans down the alley, the sequestration spending can and the tax increase can and they decide three, four, six months from now. the other alternative is to do the tax piece in some fashion that the president is talking about but i think the republicans would probably require something on medicare to match that on the spending side, and ...

Latest updates on this topic from reliable sources.