House Republicans Offering New Continuing Resolution

House Republicans now plan to offer a two week extension of federal spending in a new Continuing Resolution or CR.

Senate Democratic leaders said Tuesday they wanted a "clean" Continuing Resolution, meaning no additional spending cuts, just an extension of current spending.

But Republicans have divided up the $61 billion they were seeking in cuts over the next 30 weeks, which comes out to about $2 billion in cuts a week.

So they will offer a two-week extension of the CR with $4 billion in cuts.

Those cuts will be specified but that has not been worked out yet.

Jim Angle currently serves as chief national correspondent for Fox News Channel (FNC). He joined FNC in 1996 as a senior White House correspondent.