Showing posts with label US budget. Show all posts
Showing posts with label US budget. Show all posts

Friday, April 8, 2011

Barack Obama Locked in Last Minute Budget Talks

THE DAILY TELEGRAPH: Barack Obama was locked in crisis budget talks with congressional leaders as the US faces the prospect of a costly government shutdown.


The shutdown would see 800,000 workers asked to stay at home and could cost taxpayers more than $100 million (£61 million) a day.

Mr Obama called for a “sense of urgency” as America sought to avoid the first shutdown since 1996 when Bill Clinton was president.

Failure to reach a deal by midnight on Friday would mean that Washington would essentially run out of money. » | Toby Harnden, Washington | Thursday, April 07, 2011