Thursday, May 5, 2011

Budget talks: Republicans offer to seek common ground with Democrats - The Washington Post

 

Senior Republicans conceded Wednesday that a deal is unlikely on a contentious plan to overhaul Medicare and offered to open budget talks with the White House by focusing on areas where both parties can agree, such as cutting farm subsidies.

GOP proposals that would save $715 billion over the next decade by ending payments to wealthy farmers, limiting lawsuits against doctors, and expanding government auctions of broadcast spectrum to telecommunications companies, among other items.

Democrats said they were encouraged by the move, which could smooth the way to a compromise allowing Congress to raise the legal limit on government borrowing and avoid a national default.

Click on the following for more details:  Budget talks: Republicans offer to seek common ground with Democrats - The Washington Post

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