Debt Showdown At Standoff - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Debt Showdown At Standoff

WASHINGTON (AP) - Pressure continues to build but no breakthroughs are in sight as budget bargaining between President Barack Obama and top lawmakers resumes Monday at the White House.

Both sides hope to slash the deficit as the price for permitting the government to borrow more than $2 trillion to pay its bills. President Obama continues to push for a "grand bargain" in the range of $4 trillion worth of deficit cuts over the coming decade, but momentum is clearly on the side of a smaller measure of perhaps half that size.

President Obama continues to press for revenue increases as part of any agreement, but Republicans remain stoutly opposed. President Obama holds a news conference Monday morning. The third White House meeting since Thursday is slated for Monday afternoon.

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  • BREAKING

    DPS identifies driver of 18-wheeler, coach killed in Mount Pleasant school bus wreck

    DPS identifies driver of 18-wheeler, coach killed in Mount Pleasant school bus wreck

    Friday, March 24 2017 12:10 PM EDT2017-03-24 16:10:28 GMT
    Source: KLTV viewerSource: KLTV viewer

    Two people have died in Titus County after a multi-vehicle collision involving a Mount Pleasant Independent School District bus, an 18-wheeler, and a sedan.

    Two people have died in Titus County after a multi-vehicle collision involving a Mount Pleasant Independent School District bus, an 18-wheeler, and a sedan.

  • Dazzling up the Downtown Skyline

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    Friday, March 24 2017 12:22 AM EDT2017-03-24 04:22:39 GMT
    Lights shine bright on Big Blue downtownLights shine bright on Big Blue downtown
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  • 4 people, including 2 children, found dead in California

    4 people, including 2 children, found dead in California

    Thursday, March 23 2017 9:11 PM EDT2017-03-24 01:11:30 GMT
    Thursday, March 23 2017 9:11 PM EDT2017-03-24 01:11:30 GMT
    (AP Photo/Rich Pedroncelli). A Sacramento City Police officer, center, carries a bag that was brought from the home where four people were found dead, Thursday, March 23, 2017, in Sacramento, Calif. A suspect is being held in San Francisco.(AP Photo/Rich Pedroncelli). A Sacramento City Police officer, center, carries a bag that was brought from the home where four people were found dead, Thursday, March 23, 2017, in Sacramento, Calif. A suspect is being held in San Francisco.

    Police say they found four people dead in a Sacramento home.

    Police say they found four people dead in a Sacramento home.

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