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.
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.
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.
The U.S. Senate voted to finance the government through Nov. 15 after removing language to choke off funding for the health care law, putting pressure on the House to avoid a federal shutdown set to start Oct. 1.
President Barack Obama accused House Republicans of “political grandstanding” that has hurt economic growth and he urged Congress to work together to pass a stopgap spending plan to keep the government operating.