Lawmakers all but give up on sequestration compromise - WNCT

Lawmakers all but give up on sequestration compromise

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WASHINGTON -

The FBI and dozens of other federal agencies are preparing for harsh automatic spending cuts to kick in tomorrow.

Lawmakers are not working on a compromise to avoid them. And Democrats and Republicans are continuing playing the blame game.

In a last ditch effort, both parties are offering up their own Senate bills today that would replace $85 billion in cuts with gentler alternatives. But Democrats want tax hikes on the wealthy, Republicans don't, and neither bill is expected to pass.

Lawmakers had a year and a half to reach a budget deal. There's still one day to go, but members of Congress are scheduled to leave Washington tonight for a long weekend.

The White House says the cuts will lead to hundreds of thousands of government layoffs.

The president will sit down with Republican leaders tomorrow at the White House. But no one expects the meeting to stop the cuts.

The automatic spending cuts isn't the only crisis facing Washington. There is another fiscal deadline at the end of March that threatens to shutdown the government unless lawmakers reach a solution.

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