Senators Daniel Inouye (D-HI) and Max Baucus (D-MT) “will sit on a bipartisan negotiating team tasked with hammering out a plan to cut U.S. deficits, Senate Democratic Leader Harry Reid said on Thursday,” Reuters reports.
As chairman of the Appropriations Committee, Inouye oversees spending bills in the Senate. Baucus, chairman of the Finance Committee, is the chamber’s top tax writer.
President Barack Obama “hopes the group can come up with a workable budget plan by the end of June that can pass both the Republican-controlled House of Representatives and the Democratic-controlled Senate.”
Obama has asked Republicans and Democrats from both chambers to participate in the negotiations, which would be led by Vice President Joe Biden.