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House Majority Leader Eric Cantor, R-Va., meets with reporters in his office at the Capitol in Washington, Monday, June 13, 2011. Cantor praised Vice President Joe Biden for his shepherding of the bi-partisan Congressional panel working to solve the debt crisis. (AP Photo/J. Scott Applewhite) (AP)

Top Republican Cantor exits budget talks

Andrew Taylor

Senate Majority Leader Harry Reid of Nev. pauses on Capitol Hill in Washington, Tuesday, June 7, 2011, while meeting with the media after the Democratic policy luncheon. (AP Photo/Alex Brandon) (AP)

Democrats take hard line on Medicare in debt talks

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(AP)

Republicans press Obama on spending

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Senate Majority Leader Harry Reid, D-Nev. pauses during a news conference on Capitol Hill in Washington, Friday, April 8, 2011, after meeting with the Senate Democratic Caucus. From left are: Sen. Joe Manchin, D-W.Va., Sen. Charles Schumer, D-N.Y., Reid, and Senate Majority Whip Richard Durbin of Ill., Sen. Thomas Carper, D-Del., Sen. Robert Menendez, D-N.J., and Sen. Patty Murray, D-Wash. (AP Photo/J. Scott Applewhite) (AP)

Democrats seek to slash subsidies for “Big Oil”

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House Budget Committee Chairman Rep. Paul Ryan, R-Wis., at podium, declares that he was "disappointed" in President Obama's speech on a federal spending plan, Wednesday, April 13, 2011, during a news conference on Capitol Hill in Washington. From left are: House Ways and Means Committee Chairman Rep. Dave Camp, R-Mich., Ryan, Republican Conference Chairman Rep. Jeb Hensarling, R-Texas, and House Majority Leader Eric Cantor of Va. (AP Photo/J. Scott Applewhite) (AP)

House will vote today on Paul Ryan’s budget plan

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House Speaker John Boehner of Ohio gestures during a news conference on Capitol Hill in Washington, Thursday, April 14, 2011. (AP Photo/Evan Vucci) (AP)

Shutdown-averting budget deal clears House

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FILE - In this April 1, 2011, file photo House Speaker John Boehner of Ohio pauses during a news conference on Capitol Hill in Washington to discuss GOP efforts to create jobs and cut spending. The dilemma facing Boehner to pass a fast-approaching spending compromise and avert a government shutdown is to get the overwhelming majority of votes to come from fellow Republicans, even if dozens of easily attainable Democratic votes could help carry the budget bill to victory. (AP Photo/J. Scott Applewhite, File) (AP)

Government shutdown now less than 40 hours away

Andrew Taylor

FILE - In this April 1, 2011, file photo House Speaker John Boehner of Ohio pauses during a news conference on Capitol Hill in Washington to discuss GOP efforts to create jobs and cut spending. The dilemma facing Boehner to pass a fast-approaching spending compromise and avert a government shutdown is to get the overwhelming majority of votes to come from fellow Republicans, even if dozens of easily attainable Democratic votes could help carry the budget bill to victory. (AP Photo/J. Scott Applewhite, File) (AP)

Odds of a government shutdown surge

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FILE - In this April 5, 2009, file photo President Barack Obama addresses a crowd in Prague. Obama offered what would be a defining moment of his presidency: a pledge to seek a world without nuclear weapons. He outlined specific steps to reach that goal. Two years later, he has delivered on some of his promises, while other goals appear stalled. (AP Photo/Charles Dharapak, File) (AP)

Obama calls Boehner to White House to talk budget

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Senate Republican leader, Mitch McConnell of Kentucky, speaks with reporters following a weekly Republican policy luncheon, on Capitol Hill in Washington, Tuesday, March 8, 2011. He is joined at right by Sen. Lamar Alexander, R-Tenn., and at left by Sen. John Thune, R-S.D. (AP Photo/J. Scott Applewhite) (AP)

Senate rejects rival GOP, Democratic budgets

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House GOP votes to axe Planned Parenthood funding, defang EPA

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From left, Joint Chiefs Chairman Adm. Michael Mullen; Defense Secretary Robert Gates; Pentagon Comptroller Robert F. Hale, and others, testify on Capitol Hill in Washington, Wednesday, Feb. 16, 2011, before the HouseArmed Services Committee hearing on the Defense Department's budget. (AP Photo/J. Scott Applewhite) (AP)

Obama victory as House votes down expensive jet fighter engine

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(AP Photo/J. Scott Applewhite) (AP)

U.S. budget deficit to hit $1.5T

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WASHINGTON - APRIL 27: House Budget Committee ranking member Rep. Paul Ryan (R-WI) (R) delivers an opening statement during a conference committee meeting in the U.S. Captiol April 27, 2009 in Washington, DC. House and Senate lawmakers have already struck a tentative deal on the FY2010 budget resolution and they hope to file a conference report after today's meeting. (Photo by Chip Somodevilla/Getty Images) *** Local Caption *** Paul Ryan (Chip Somodevilla)

House GOP votes to return to pre-Obama spending levels

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Two Republican senators back deficit plan

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House GOP blocks bill to extend jobless benefits

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White House predicts record $1.47 trillion deficit

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Checks are coming: Obama signs unemployment bill

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Unemployment benefits extension clears Senate

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Sen. Robert Byrd of West Virginia dead at 92

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House passes tax breaks for new hires

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Senate says no to bonus Social Security payments

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Senate raises debt ceiling by $1.9T

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