Wednesday, March 30, 2011

10 Days until US Government Shut Down?

U.S. House Majority Leader Eric Cantor said Tuesday "time is up" on the budget battle, indicating a government shutdown April 8 is increasingly likely.

Cantor ruled out further stopgap funding measures through additional continuing resolutions.

"I want to see a long-term CR here," The Hill quoted him as saying. "We've got bigger things to deal with. Time is up here."

Without further continuing resolutions, Congress has 10 days to come up with a deal that would fund the government through the end of the fiscal year in September.

"We need to see [Senate Majority Leader] Harry Reid and [Sen.] Chuck Schumer get serious," Cantor told reporters in his Capitol suite. "We need to see the president get involved." (read more)