A congressional aide has told Reuters that Senate negotiators trying to finish a deal before the "fiscal cliff" deadline are caught on demands that new spending cuts be found to pay for a cost associated with fixing a Medicare issue.
The disagreement centres on $30 billion in spending cuts which are due to take effect from tomorrow which will impact pay to doctors treating Medicare patients. There are fears it could discourage doctors from treating elderly Medicare patients.
America's financial crisis has been averted, not solved. We've had the fiscal cliff. Now get ready for the debt abyss.
Democrats and Republicans have so far failed to agree on an alternative plan to the tax increases and spending cuts scheduled for January 1.