President Warns of Fiscal Showdown

ROGERS, Ark. (AP) -- President Bush is warning lawmakers to prepare for a "fiscal showdown" if they don't trim spending bills.<br/><br/>Speaking in Arkansas, the president promised vetoes of Democratic

Monday, October 15th 2007, 9:07 pm

By: News On 6

ROGERS, Ark. (AP) -- President Bush is warning lawmakers to prepare for a "fiscal showdown" if they don't trim spending bills.

Speaking in Arkansas, the president promised vetoes of Democratic backed plans that he said would raise taxes and keep the budget from being balanced.

The budget year began October 1st, and federal agencies are operating on a stopgap bill for now. Congress has not yet agreed on the 12 spending bills that keep the government running.

Bush never vetoed a spending bill when Republicans ran Congress.

Conservative House Republicans appear to have the votes to sustain his promised vetoes.

In the budget stalemate, Democrats are pressing to spend about $22 billion more on domestic programs than Bush wants.