“Three months is not very much time in Congress, so let’s use this additional time to work on a plan.”

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Republicans want major spending reductions in exchange for extending the deadline for a longer period of time, but Democrats have said that there is room for more revenue increases through closing tax loopholes.

“Democrats need to put their preoccupation with taxes aside and focus on the root problem: spending,” McConnell said. “It’s time to make some tough decisions for a change.”