Lawmakers are in deadlock over talks to reduce spending on Medicare and Medicaid as Democrats and Republicans in congress refuse to compromise on either side.
“Fairness has to be a prerequisite for it,” said House Minority Leader Nancy Pelosi, D-Calif. “We have just come through passing a bill that was (all spending) cuts, no revenue.”
Some are saying that the partisan deadlock will result in nothing being done to reduce the U.S. debt which hovers around $14 trillion.
“There’s been no movement on revenues and I’m not sure the Democrats will agree to anything without revenues,” added a Democratic lobbyist who required anonymity to speak candidly.
Lawmakers have until Thanksgiving to come up with a compromise to reduce the national debt by $1.2 trillion over the next 10 years.