Time running out for funding deal - WAOW - Newsline 9, Wausau News, Weather, Sports

Time running out for funding deal

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WASHINGTON (AP) -- President Barack Obama and congressional leaders have only hours to avert a midnight Friday government shutdown that they say would inconvenience millions of people and damage a still fragile economy.

Obama and congressional leaders say another late night of talks Thursday had narrowed the differences over how to cut federal spending but there was no agreement.  Obama hoped to announce a deal Friday, but wasn't optimistic.

Aides are trying to agree on how much federal spending to slash, where to cut it and what caveats to attach as part of a bill to fund the government through Sept. 30.

A temporary federal spending measure expires at midnight.  A closure would mean the furloughs of hundreds of thousands of workers and the services they provide, including processing many tax refunds.

Online Reporter:  Cami Mountain

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