The Hill News

A Republican lawmaker predicted Friday that Congress and the White House will avert a government shutdown by ironing out a compromise on federal spending.

In an interview on MSNBC, House Oversight and Government Reform Committee Darrell Issa (R-Calif.) said, "Yes, we are going to deliver to the president a spending bill, on time... so that he has his money for the rest of the year and then we're going to work very hard on having a bipartisan budget that respects the president's initiatives and respects the reality of how much money the American people are willing to be taxed for our runaway government spending."

President Obama has threatened to veto the spending reduction bill that is moving its way through the Republican-led House. Senate Democratic leaders say the Republican legislation will be dead on arrival when it arrives in the upper chamber.

The government is funded until March 4 so time is running short for a deal. Speaker John ! Boehner (R-Ohio) said he will not move a short-term funding bill to buy more time for negotiations unless that measure cuts spending.