No Progress on Sequestration Talks

House Speaker John Boehner reported no progress from what he called a “polite” though “very frank” meeting with President Barack Obama over the automatic spending cuts known as sequestration.

“I don’t think anyone quite understands how it gets resolved,” said Boehner, speaking on NBC’s ‘Meet the Press.”

Boehner, who met March 1 with Obama and other congressional leaders, blamed Democrats for the impasse over the “silly” cuts. He also said Republicans will hold firm in their demands for cuts in entitlement spending.

Bloomberg

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.