PLEDGE NOW
Big Budget Deal Could Break D.C. Impasse

With a deadline nearing for a Federal budget deal, we’ll look at what it’s going to take to get the deal done. Plus, we listen to President Barack Obama’s tribute to Nelson Mandela.

In this Nov. 13, 2013 file photo, House Budget Committee Chairman Rep. Paul Ryan, R-Wis., left, and Senate Budget Committee Chair Sen. Patty Murray, D-Wash., arrive at a Congressional Budget Conference on Capitol Hill in Washington. The two Congressional leaders are said to be close to finalizing a two-year budget plan. (AP)

In this Nov. 13, 2013 file photo, House Budget Committee Chairman Rep. Paul Ryan, R-Wis., left, and Senate Budget Committee Chair Sen. Patty Murray, D-Wash., arrive at a Congressional Budget Conference on Capitol Hill in Washington. The two Congressional leaders are said to be close to finalizing a two-year budget plan. (AP)

We’ve become accustomed to federal budget battles so hard fought, so brutal, that they shake the nation.  Shut down the government.  Send blood pressures spiraling.  This month’s budget talks have been different.  Very quiet.  Under cover.  Just two negotiators at the heart of the back and forth.  Democrat Patty Murray from the Senate.  Republican Paul Ryan from the House.  Hammering out the outline of a deal.  It’s not the deal to end all deals.  There is big tension over long term unemployment benefits and more.  But a deal itself is a big deal lately.  This hour On Point:  federal budget realities.

— Tom Ashbrook

Guests

Jake Sherman, Congressional reporter for Politico. (@JakeSherman)

Heather Boushey, executive director and chief economist at the Center for American Progress’ Washington Center For Equitable Growth. (@HBoushey)

Douglas Holtz-Eakinpresident of the American Action Forum. (@djheakin)

From Tom’s Reading List

Politico: Paul Ryan’s bipartisan budget moment? — “Over the next few weeks, as Congress pushes up against the December recess, Ryan’s influence in the Capitol will be put to a test. He will have to play a major role in convincing the same House Republican Conference that triggered a government shutdown to pass a budget agreement that doesn’t drastically change Medicare, Medicaid and other entitlement programs — the longstanding goal of Speaker John Boehner’s majority.”

Washington Post: Budget deal expected this week amounts to a cease-fire as sides move to avert a standoff — “The deal expected to be sealed this week on Capitol Hill would not significantly reduce the debt, now $17.3 trillion and rising. It would not close corporate tax loopholes or reform expensive health-care and retirement programs. It would not even fully replace sharp spending cuts known as the sequester, the negotiators’ primary target.After more than two years of constant crisis, the emerging agreement amounts to little more than a cease-fire. Republicans and Democrats are abandoning their debt-reduction goals, laying down arms and, for the moment, trying to avoid another economy-damaging standoff.”

Wall Street Journal: Lawmakers: Jobless-Benefits Fight Won’t Derail Budget Deal — “Several Democrats are pushing to vote on an extension this week in the Senate, though how to pay for it remains an issue. Congress has opted at times in the past to renew the 2008 benefits without offsetting their cost through tax increases or spending cuts. On the budget front, officials close to the talks have said Ms. Murray and Mr. Ryan are closing in on a deal that would allow spending of roughly $1 trillion in each of the next two years. The mid-October agreement to end the partial government shutdown tasked the budget group with coming up with a budget plan for the rest of the 2014 fiscal year by Friday.”

President Obama Pays Tribute To Nelson Mandela

Tens of thousands of South Africans gathered in the rain at a soccer stadium in Johannesburg today, joining world leaders to honor Nelson Mandela.  He died last Thursday at 95.  A roar of cheers met President Obama as he rose to speak:  “To the People of South Africa—people of every race and every walk of life—the world thanks you for sharing Nelson Mandela with us,” he said.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 26, 2016
This Jan. 26, 2016 file photo shows a "For Sale" sign hanging in front of an existing home in Atlanta.  Short of savings and burdened by debt, America's millennials are struggling to afford their first homes in the face of sharply higher prices in many of the most desirable cities. (AP Photo/John Bazemore, File)

No more ’empty nest’. A third of millennials now live at home with their parents. We’ll look at what’s still pushing that trend.

May 26, 2016
This March 16, 2015 photo shows portraits of now-retired U.S. Army Sgt. 1st Class Marshall Powell, right, and his wife, Arasi, at their home in Crescent, Okla. Powell suffers from a psychological wound called "moral injury" after serving as an Army nurse in Iraq and Afghanistan. Arasi, also a soldier who served in Iraq, had received treatment for PTSD. (AP Photo/Brennan Linsley)

In advance of Memorial Day, we’ll talk with Sebastian Junger about vets coming home and missing their “Tribe.” Plus, a WWII veteran remembers life on and off and the battlefield.

RECENT
SHOWS
May 25, 2016
Police gather in a cordoned off area where a possible murder suspect fired shots at officers surrounding a South Side home where he is barricaded Thursday, May 12, 2016, in Chicago. (AP Photo/M. Spencer Green)

Predictive policing. With violence on the rise, Chicago has turned to big data to predict gun and gang violence.

 
May 25, 2016
This April 29, 2014, file photo, shows an Exxon sign at a Exxon gas station in Carnegie, Pa. (AP Photo/Gene J. Puskar, File)

How will the oil giants do business in the climate change future? Shareholders at Exxon, Chevron and more want to hear their plans. So do we.

On Point Blog
On Point Blog
WWII Vet Larry Kirby Reflects On American Values
Thursday, May 26, 2016

Looking ahead to Memorial Day, a World War II veteran looks back at the relationships that mattered to him, both in and out of war.

More »
Comment
 
Gloria Steinem Explains Her ‘Bernie Boys’ Comment
Tuesday, May 24, 2016

Feminist activist Gloria Steinem explains why her apparent diss of female supporters of Sen. Bernie Sanders was anything but.

More »
Comment
 
‘Best Of’ 2016 Commencement Speeches
Monday, May 16, 2016

Excerpts from a few of the best commencement speeches delivered to the graduating class of 2016.

More »
Comment