September 18th, 2012
08:40 PM ET

Down payment and punt on the fiscal cliff

A bipartisan group of Senators, known as the Gang of Eight, are trying to hammer out a $55 billion debt down payment. The idea's to give Congress an additional six months before those $1.2 trillion spending cuts take effect at the end of the year.

OutFront tonight: Senator Kent Conrad (D-ND). He's a member of the gang of eight and chairman of the Senate budget committee.

Filed under: 2012 Election • Congress • News • Politics • Sequestration
soundoff (No Responses)

Post a comment


CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.