April 1st, 2011
01:58 PM ET

Obama says budget compromise is close

WASHINGTON (CNN) – The U.S. government has been running on temporary budget extensions since the start of Fiscal Year 2011 last October, as Republicans and Democrats on the Hill continue to duke it out over how much spending to cut. The latest in the series of continuing resolutions, that have been passed to avoid a government shutdown, is set to expire April 8.

Today President Obama said "it appears that we’re getting close to an agreement."

“There’s still details and differences to work out and what I’ve said is neither Democrats or [sic] Republicans should get 100% of what they want,” he said at a speech in Landover, Maryland.

Citing positive jobs numbers released today, Obama urged both parties in Congress to compromise.

“It would be the height of irresponsibility to halt our economic momentum because of the same old Washington politics. That’s not what we need,” he said.

Obama cited the bi-partisan effort to cut taxes last November as proof that Congress can work together to accomplish legislation, and said the time has come for a budget agreement, much like private businesses have had to do in this economy.

“Businesses have gone through tough times in this recession and had to make some cut back on things that weren’t needed, but that made those companies stronger. The same can be true for America as a whole,” he said.

Despite the progress recently touted by Senate Democrats – that $33 million in spending cuts had been negotiated – Speaker Boehner told reporters yesterday that there was no agreement on numbers.

Topics: Budget • Congress • President Obama • The News

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