Budget Negotiations Down to the Wire in Congress

Congress is running out of time to reach a budget deal. Government funding will expire at midnight Friday, when the last short-term spending bill runs out.

The Senate agreed Thursday to extend that deadline through December 16 to allow more time for talks. The House is working to do the same.

If Congress is not able to reach an agreement by next Wednesday, it could push Washington into another shutdown.

Dozens of issues remain unresolved, mainly policy disputes over environmental and other issues that lawmakers of both parties are trying to attach to the must-pass spending legislation.

Republicans are seeking to lift the oil export ban and roll back various Obama administration regulations.

Democrats are maneuvering to protect President Barack Obama's environmental rules and enact permanent tax credits for wind, solar and other renewable energy.

"We're not going to get everything we want in negotiations. The Democrats aren't going to get everything they want in negotiations," House Speaker Paul Ryan, R-Wis., said. "But I believe that we will successfully complete these negotiations."