Obama, Congress to kick off budget negotiations

Senate Republican leaders take questions from the media on the upcoming budget battle on Capitol Hill in WashingtonBy Richard Cowan and Susan Cornwell WASHINGTON (Reuters) – Congressional Republican leaders and the White House will launch negotiations soon on a two-year budget deal that would establish new limits for U.S. government spending in 2016 and 2017, Senate Majority Leader Mitch McConnell said on Tuesday. Seeking to bring more fiscal stability to Washington, McConnell said he and House Speaker John Boehner had spoken with President Barack Obama, a Democrat, about the talks. Boehner has announced he will step down at the end of October.

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