Cantor: House Will Keep Cutting $2B a Week
The Hill reports:
House Majority Leader Eric Cantor (R-Va.) said Thursday that House Republicans plan to keep cutting spending at a rate of $2 billion a week, through two-week spending bills, until the Senate makes clear its position on a budget for the rest of FY 2011.
"We would encourage the Senate and Leader Reid to act so that we can move forward, and until then, Mr. Speaker, I would say to my friend from Maryland that I would expect the House to continue its process of cutting $2 billion a week until we can see where the gentleman's caucus and then the Democratic Leader in the Senate is," Cantor told House Minority Whip Steny Hoyer (D-Md.) in a colloquy on the House floor.
During the discussion, Hoyer attempted to find room to compromise with Cantor on how much spending needs to be cut in order to satisfy Republicans, but Cantor indicated Republicans are not willing to compromise.
Hoyer pointed out that the Democratic House last year approved a continuing resolution that spends $41 billion less in discretionary, non-defense spending than the Obama administration's FY 2011 spending proposal. As a result, he said, Republicans should be willing to compromise more with Democrats, since that is 41 percent of the Republican demand for a $100 billion cut.
Click here to read more.
