Earlier today, President Barack Obama gathered with the majority and minority leaders of both houses of Congress to move forward in avoiding automatic spending cuts and tax hikes set to occur at the end of the year. Although Democrats and Republicans have, at times, seemed to have irreconcilable differences in the process, the various elected officials walked out of the Roosevelt Room with an optimistic outlook that a compromise would be reached.
“I can only echo the observations of the other leaders that it was a constructive meeting. We all understand where we are….We are prepared to put revenue on the table provided we fix the real problem,” Senate Minority Leader Mitch McConnell told reporters, according to a White House pool report. “Most of my members, I think without exception, believe that we’re in the dilemma we’re in not because we taxed too little but because we spent too much.” Read More