Senate Democrats

Schumer Statement On Status Of Bipartisan Budget Negotiations

Washington, D.C.Senator Charles E. Schumer released the following statement Monday regarding the current status of the ongoing bipartisan negotiations on this year’s budget:

“A compromise on the budget is right there for the taking, assuming the Speaker still wants one. We take it for granted that because of the intense political pressure being applied by the Tea Party, the Speaker needs to play an outside game as well as an inside game. As long as he continues to negotiate, it’s OK by us if he needs to strike a different pose publicly. Since last week, the two sides have made steady progress on a package of $33 billion in cuts. This is an historic level of spending cuts, it is the halfway mark between the two sides, and the Speaker has already agreed to this number privately. Differences may remain over where exactly the cuts should come from, but the only real question left is whether the political will exists to buck the Tea Party. At this point, we are so far down the road towards an agreement, and so little time remains before Friday’s deadline, that it would be a dramatic about-face for the Speaker to suddenly let things devolve into a shutdown, as many in the Tea Party are urging. As a result, we remain hopeful a deal will be reached.”