Obama Cautiously Hopeful About Budget Deal

Law360, New York (April 5, 2011, 3:39 PM EDT) -- President Barack Obama sounded a cautious note of optimism Tuesday about the chances of averting a looming government shutdown, if Congress can break its gridlock and agree to a spending bill before the scheduled April 8 deadline.

Appearing at a press conference, Obama urged Congress to set aside partisan gamesmanship and embrace a spending compromise that reduces federal spending to levels acceptable to Republicans while leaving off policy measures that have become sticking points for Democrats.

“We're closer than we've ever been to getting an agreement,”...
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