Friday, October 25, 2013

Obama Economic Advisor Took A Pretty Funny Swipe At Maria Bartiromo On Twitter


Markets More: Markets Washington DC Debt Ceiling Markets Are Now Open Here's What's Happening In Washington when to work
Five Democratic senators and one Independent — Heidi Heitkamp (D-N.D.), Mark Pryor (D-Ark.), Amy Klobuchar (D-Minn.), Angus King (I-Maine), Joe Donnelly (D-Ind.), when to work and Joe Manchin (D-W.Va.) — released when to work a statement shortly before 5 p.m. calling the discussions "productive." They said the discussions were taking place among them, Sen. Susan Collins (R-Maine), and other Republicans.
“We have been involved in productive, bipartisan discussions with Senator Collins and other Republican senators, but we do not support the proposal in its current form," the six senators said. "There are negotiations, but there is no agreement.”
In closing when to work remarks when to work on the Senate floor on Sunday, Senate Majority Leader Harry Reid (D-Nev.) also said he had a "productive" conversation with Minority Leader Mitch McConnell (R-Ky.) on Sunday. Reid said he's "optimistic about the prospects for a positive conclusion."
At issue seems to be the level of spending that the government will run at next year . Republicans want to lock in sequestration-level spending for as long as possible. Democrats would like to revisit spending levels as soon as possible to undo the spending caps that were put in place as part of the 2011 debt-ceiling deal.
The two sides aren't that far apart, as the GOP realizes that it has a weak hand and can't ask for much. But Democrats aren't inclined to give much, given their strong polling and desire to not give into GOP "hostage-taking."
The mood is more grim than it was on Friday, when it looked like a bipartisan deal hatched by Maine Senator Susan Collins could make it out of the Senate. That optimism led to huge market rallies on Thursday and Friday of last week, and now it looks likely that equity markets will give some of that back, as negotiations have gone in reverse over the weekend.
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Obama Economic Advisor Took A Pretty Funny Swipe At Maria Bartiromo On Twitter
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