“With the government reopened and a debt default averted for now, Congressional negotiators on Thursday plunged into difficult budget talks to avoid a repeat crisis within months, and quickly agreed to lower their sights from the sort of grand bargain that has eluded the two parties for three years,” the New York Times reports.
“The question of what a new House-Senate budget conference can deliver by its Dec. 13 deadline — in time for Congress to act by Jan. 15 on funding to keep the government open — remained the subject of deep skepticism, well earned by past failures at reaching so-called grand bargains for deficit reduction and spending investments in the past three years.”
The Wall Street Journal says the “differences between the two sides remain stark, and a number of
congressional aides said the chances of devising a budget that both
parties can live with are low.”