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        Federal Budget Consultations between Congress and the White House


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Chuck Schumer, the Democratic leader of the U.S. Senate, said Tuesday that the U.S. Congress and White House negotiators had spent hours holding closed-door meetings to reach a two-year federal spending agreement, but no consensus had yet been reached.
After the afternoon meeting, Schumer pointed out to reporters that the non-defense budget was one of the deadlocks.
"We are trying to reach a consensus that one of the biggest problems is how to finance domestic demand to meet all the needs of the middle class," he said, adding that no further meetings were scheduled on Tuesday.
Republicans have been fighting to increase defense spending and reduce non-defense budgets.
The closed-door meeting also discussed the issue of raising the borrowing authority of the Ministry of Finance.
"This will be a two-year cap agreement that will allow us to move forward with at least one approximation of the conventional appropriation process. It is also likely to include a debt ceiling.
Under the huge federal deficit spending, the Treasury's statutory lending authority is expected to peak later this year.
Four Democratic and Republican leaders in the House and Senate, together with Treasury Secretary Nuchin and Acting White House Chief of Staff Mawani, held two or three-hour meetings at Capitol Hill. Congressional leaders say progress has been made.


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