
House Democratic and Republican leaders traded jabs over the possibility of a government shutdown Friday -- as the two sides remained deeply divided on how far to go in slashing government programs.
The House continued slogging through dozens of amendments to a bill that would cut federal spending by $61 billion over the next six months, and it's unlikely they'll be able to come to an agreement with Senate Democrats on the numbers before their deadline of March 4.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (2)The Obama administration announced today that it is lifting the moratorium on deepwater drilling in the Gulf of Mexico.
But Sen. Mary Landrieu (D-LA), who has been holding the nomination of a new director for the Office of Management and Budget in protest of the moratorium, said she will not release her hold.
Interior Secretary Ken Salazar, who announced the early end to the moratorium today, said that oil companies who comply with new, stricter safety rules will be able to apply for permits.
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