The budget battle continues in Washington today with only a few days left for Congress to come to an agreement on the 2011 federal budget. If a deal is not reached by Friday at midnight, part of the government will shut down. President Obama has called a White House meeting Tuesday for Congressional leaders to try to reach a deal and avoid the shutdown.
So, how close is Congress to closing a deal? Today on American Morning, AM’s Christine Romans talks with Texas Republican Rep. Jeb Hensarling, a member of the GOP leadership involved with negotiations.
Hensarling tells AM that Obama stepping in is "better late than never." But, he says, not having a Senate bill is a problem. "I'm afraid the Senate probably wants to have a shutdown. They think it's in their political best interest."
For the full interview, watch here: