White House to Congress: Avoid the pain (via CNN Political Ticker)

Posted: July 31, 2011 in Uncategorized

Washington (CNN) — Gene Sperling, the director of President Obama's National Economic Council, said Sunday the White House will accept a compromise that only contains mutually acceptable spending cuts, as part of the initial deficit reduction package. Sperling, who has been at the center of the ongoing negotiations between the White House and Congressional leaders, said the second phase of the plan would tackle more significant deficit reduction … Read More

via CNN Political Ticker