WASHINGTON — Senate Democrats intend to approve a budget for the first time in almost four years, a prominent lawmaker said Sunday, but he said it will call for higher tax revenues that Republicans are sure to oppose.
Sen. Chuck Schumer, D-N.Y., also said an announcement by House Republicans that they plan to approve a short-term increase in the nation’s borrowing limit without demanding spending cuts was “positive step.” He added, though, the extension should be longer than the three months they have outlined.
“We don’t want to play fiscal cliff every three months,” Schumer said.
Republicans in recent days have backed away from their insistence that they would not increase the nation’s borrowing limit — known as the debt ceiling — without deep spending concessions. If the new proposal holds, the shift would clear the way for Congress to avoid a potential government default this spring.
But GOP officials insist that they will not move unless Senate Democrats give them the debate over the federal budget they have been denied for years.