Budget update: Dems expected to propose $20 billion in spending cuts

The White House and Senate Democrats are expected to propose an additional $20 billion in cuts from FY 2011 spending, which would become the basis of new talks on how to settle the FY 2011 budget.

Congress has another two weeks to sort out the budget, if it can. No floor time has been scheduled this week for a bill, but both the House and Senate will have to pass something by next week, before current funding expires after April 8. Our colleague Erik Wasson has the details this morning.