Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Agreement in Washington?

Details

  • Description

    FBN's Rich Edson on the latest from Capitol Hill.

  • Duration 1:50
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Another day another crisis in Washington but this time both sides seem to be playing nice.

-- -- congress kept in agreement for the government run that catch the end of this month or is this truce.

T good to be true here at the latest from Capitol Hill think that the next.

Well.

It's looking positive for those -- to avoid a government shut down on March 27 a house introduces a bill this week and we'll vote depending on.

The snowstorm down here an accident called this sequester or snow Questar accident sequester -- not kidding on that when I wish it was.

But depending on what the snowstorm does the vote either Wednesday or Thursday on this bill that likely passes the house.

And funds the federal government at levels that include those automatic spending cuts so there is some opposition to that proposal.

Because there are some on Capitol Hill who want to address -- spending cuts.

You could say that -- stop giving companies.

Tax breaks.

Spending through the tax code to let companies ship jobs American jobs overseas.

You can make those choices those are the priorities nowhere have the Republican said that their choice their priority is to let us invest in our people.

I think all of us from both sides of the aisle has said -- -- sequester is knocked the Smart way of accomplishing the reduction in spending.

But it seems it's the only kind of reduction of the President Obama lives with because he has -- -- the law.

If the house passes this this week it's up to the senate and -- house put on this proposal ways the Department of Defense.

Can avoid some of the sequestered -- spending level amount of what he can do as far as moving money from one place or another.

More flexibility.

There's some Democrats in the senate who -- -- do that for some other government agencies there could be some -- a little bit of back and forth but the general consensus is this is actually does get done.

Before march 27.

We still never know until -- -- the president's desk.

-- -- -- Thanks for that protects and.

Load More