Policy Priorities

Policy Priorities image of kids

Budget Watch: This Week ...

December 10, 2012

President and Speaker Meet Face-to-face

Still hoping for a deal before the end of the year, President Obama and Speaker of the House John Boehner met Sunday at the White House. It was their first face-to-face meeting in nearly a month and their first one-on-one session since July 2011, when they last tried to find a far-reaching compromise to reduce the national debt. While no details have emerged from the Sunday meeting and many continue to speculate about whether or not a path forward will come to fruition before the end of the year, lawmakers say action this week is vital if Obama and Boehner hope to win approval in time to avert the “fiscal cliff”. Last week Republicans signaled they would agree to raise some revenue from the wealthiest Americans while preserving tax cuts for the middle class, but The White House and Republicans may still be far apart on other issues, such as the magnitude and source of tax increases and cuts, how to deal with entitlement spending, and raising the debt ceiling.

Check back later – we will be closely following developments on the negotiations and their impact on children and families. Click here to view past Children's Budget Watch updates.