By Major Garrett
A senior administration official confirms President Obama’s budget, to be delivered to Congress on April 10, will include a formal request to reduce cost-of-living increases to Social Security recipients if congressional Republicans agree to raise additional tax revenue.
Mr. Obama’s proposal is part of a broader strategy to alleviate some of the pain linked to sequestration spending cuts as well as tackle some difficult politics on entitlement cuts. The linchpin, as it has been throughout budget talks in the Obama era of divided government, is whether Republicans will acquiesce to higher taxes. The prospects for this, based on recent GOP rhetoric, appear bleak.
OBAMA SIGNS NO BUDGET, NO PAY: After passing in the House and the Senate, President Barack Obama has signed No Budget, No Pay into law. This is HUGE! Not only is it another step toward accountability in Washington, but it’s also proof of what No Labels is capable of. In just a year our proposal has gone from a great idea to a great law — and our “little engine that could” is still chugging: Donovan Slack for POLITICO: Obama signs debt-ceiling bill
So, Kentucky was not so happy
with Mitch McConnell…
even under President Bush.
By Nancy Cordes
(CBS News) HAWAII – Democrats are now moving ahead on their own plan to avoid the so-called “fiscal cliff” now that talks have broken down with House Speaker John Boehner.
The White House and congressional leaders have until January 1 to work out a budget deal.
Lawmakers still see path to avert “fiscal cliff”
Watch: No Christmas miracle on “fiscal cliff”Complete coverage of the “fiscal cliff” negotiations
Whatever happens next may essentially be a last-ditch effort to avert the “fiscal cliff.” Sources tell CBS News that aides to the president have been in preliminary talks with aides to Senate Majority Leader Harry Reid, who himself was in Hawaii this weekend for the funeral of Sen. Daniel Inouye.
Reid is now working, sources say, on a smaller package than the comprehensive deal the president was working on with Boehner. The package would prevent tax rates from rising for middle-class families and perhaps cut some spending and tie up a few other loose ends… (Excerpt)
Full Disclosure: I am a senior. —GoodOleWoody :)