U.S. budget negotiators plan to work this weekend from a shrinking menu of options to ease automatic spending cuts for as little as one year amid objections from some groups and lawmakers, said people familiar with the talks.
With less than three weeks until their deadline, U.S. budget negotiators have yet to break an impasse over revenue, prompting lawmakers to draft plans to blunt $19 billion in defense cuts set to start in January.
Republican National Committee Chairman Reince Priebus said in an interview on Bloomberg Television’s “Political Capital with Al Hunt” airing this weekend that he expects the House of Representatives, controlled by his party, to enact some “major” revision of U.S. immigration laws within the next year.
Congressional aides are looking at reductions to mandatory programs outside of Social Security and Medicare to replace automatic spending cuts hurting research and the Pentagon, said two aides involved in the process.
President Barack Obama urged a group of business leaders including McDonald’s Corp. Chief Executive Officer Donald Thompson and Marriott International Inc. CEO Arne Sorenson to put pressure on congressional Republicans to pass a new immigration law by year’s end.
When Treasury Secretary Jacob J. Lew told the Senate Finance Committee last week that the Obama administration would never bargain over raising the nation’s debt limit, it was a declaration the lawmakers had heard before.