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Obama says spending deal close, Boehner doesn't

Obama says spending deal close, Boehner doesn't
Friday, April 1, 2011 - 9:06pm

 Although President Barack Obama says a compromise with Republicans is near on $33 billion in budget cuts, negotiators are reporting little progress.

House Speaker John Boehner says there's "no agreement on a number" on how much to cut. He's under pressure from conservatives not to give too much ground. But he says he's "not preparing for a government shutdown."

Funding for the government expires at midnight next Friday.

Without action by Congress, there would be a partial shutdown.

Obama warned today that the shutdown would "jeopardize our economic recovery" just as jobs are finally being created.

Congress has already cut $10 billion in spending as part of a pair of stopgap spending bills. Another short-term bill has not been ruled out.

Senate Democrats today shifted position on one key element of the talks.

Majority Leader Harry Reid says they won't accept provisions blocking the Environmental Protection Agency from putting regulations into effect on a variety of industries.

A Republican spokesman says if that's the case, then a deal is not near.

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