On Thursday, House Budget Chairman Paul Ryan (R-WI) introduced new limits on spending to fund the government through the end of September. The proposal itself falls a bit short of the GOP pledge to slash spending by $100 billion, on a prorated basis, this fiscal year. But already Senate Democrats are warning Republicans that they'd better willing to negotiate toward the center, or they'll risk a government shutdown.
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Indeed, top Democrats addressed reporters about the GOP proposal Thursday afternoon. They criticized the GOP's approach, and its leadership, for not taking a government shutdown off the table. They even brought Sen. John McCain's (R-AZ) old economic adviser -- and Moody's chief economist -- Mark Zandi to the podium to buttress their case: a government shutdown would harm the economy, spending should not be cut dramatically right now, and the standoff should be resolved quickly.
"The chairman of the [House] Budget Committee today -- today -- sent us something more draconian than we originally anticipated," Senate Majority Leader Harry Reid (D-NV) said. He called Ryan's plan "unworkable."