A “bold” deficit-reduction deal worth $4 trillion is possible, say two influential lawmakers, one a Democrat the other a Republican, who expressed willingness to compromise over their previous positions on taxes and spending.
Representative Xavier Becerra, a California Democrat on the congressional supercommittee on reducing the deficit, said in a interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that a $4 trillion deal is possible as long as about one-third of the plan includes higher revenue.
U.S. Representative Xavier Becerra, a California Democrat and a member of the congressional supercommittee seeking at least $1.2 trillion in budget cuts, said conversations toward a deal would continue into this week.
U.S. Transportation Secretary Anthony Foxx called on Congress to pass long-term legislation to repair U.S. highways and bridges, saying President Barack Obama’s administration views a short-term patch tied to Postal Service reductions as a gimmick.
Advocates of immigration-law changes are prepared to track down lawmakers doing household chores during the month-long congressional break that begins next week if that’s what it takes to get their voices heard.
At a museum near the U.S. Capitol three weeks ago, 700 guests sampled bratwurst and vodka and watched the Olympics on a mammoth screen. From the second floor, Comcast Corp.’s David Cohen addressed the crowd, which included the Russian ambassador and a White House official.