The details of the budget deal due out tonight

Democrats are fiercely opposed to the GOP's Medicare and Medicaid review plansObama and GOP leaders are sparring on a vote to raise debt ceilingThe President will begin his plan of long-term deficit reduction this way Chamber and the Senate vote this week on a plan to reduce the expenditure of $ 38.5 billion

Washington (cnn) - the partisan war on taxes and spending is set to take center stage in Washington this week, as Congress resumes an agreement on the budget for the remainder of the current financial year and the President Barack Obama unveils its long-awaited deficit reduction plan.

Republican House should also push a vote by Friday on their draft budget for the following year. This plan, which cuts about $ 6 billion in spending over the next decade while that radically revise Medicare and Medicaid, is fiercely opposed by Democrats at both ends of Pennsylvania Avenue.

The result of the fight promises to have a major impact on the 2012 presidential race, but on the size and scope of the Federal Government for years to come.

Obama and Republicans in Congress were "very different visions about what the role of the Federal Government should be in our society", House Chairman John Boehner, R-Ohio, said Monday morning on Fox News. But "it is our obligation to sit down and... find a way to work together."

The transaction details covering the rest of the fiscal year 2011, which ends September 30, are to be published Monday.

The package, which was finalized late Friday to avoid a partial shutdown of government spending cuts by a total of $ 38.5 billion. He has been called inadequate by some Tea Party conservatives and labelled extreme in the liberal media.

The House is scheduled to vote on the agreement Wednesday, with the Senate after combination soon after.

Adding to the tumult: a debate coming on the need to increase the federal debt limit. Washington is the approximately 14,29 billion ceiling almost quickly and should exceed the cap from mid-May. Although the Federal Reserve may take measures to delay the need to raise the cap until July, a failure to do so could lead to a default value.

A failure to destroy the economy, leading to a crash of the dollar and rising interest rates, among other things.

Republicans use the vote on the ceiling of the debt to demand additional spending cuts.

Obama is a "clean bill" on the CAP, requiring new reductions, Boehner said Republicans in Connecticut, Saturday.

"Well, guess what, Mr President, (there is) not a chance you will get a clean bill," said the President. "" "". It will not be an increase in the limit of debt without something to really, really big attached. ?

Attached press White House Jay Carney said Monday that GOP leaders make a mistake if they decide to play "chicken" with the debt ceiling vote.

Failure to act would be "Armageddon-like in terms of the economy," he said.

For its part, Obama unveil its deficit reduction plan in a presidential speech Wednesday. The plan should include a call for reform of law, such as Medicare and Medicaid programs, as well as the defence reductions and higher taxes on the rich.

The President "will be clear about the types of deficit reduction that we need in terms of amounts over what period of years," White House Senior Adviser David Plouffe, said Sunday.

Obama believes "that grow on the economic plan, to be a country strong, we cannot support this financial situation", said Plouffe.

Republican, the position of the President on the reduction of the deficit is a reversal of its own budget in 2012, released in February. At the time, the President has called for any significant reforms in law such as Medicare and Medicaid programs, which are currently among the primary drivers of budget deficit.

"I am glad to see some sort of retreat" proposal initial President "to do nothing", Senator Jeff Sessions, R-Alabama, said Sunday the CBS program "face the Nation".

While the Republicans call Obama a versatile of deficit, top Democrats are wrenching leadership of GOP Medicare and Medicaid plan, characterize as part of an economic attack on the welfare of poor Americans and middle class.

Under the plan, presented last week by the House of the Chairman of the Committee budget, Paul Ryan, R-Wisconsin, the Government would eventually pay invoices for seniors in the Medicare program. Instead, Medicare recipients would choose a plan from a list of private providers, the Federal Government would subsidize.

Persons currently 55 years and over would not be affected by the changes.

Medicaid, which provides healthcare for people with disabilities and the poor would be transformed into a series of global grants to the States.

In the meantime, superior tax for individuals and business rate would fall to 25%.

Plouffe said Sunday that plan the GOP has no chance of being right. Under the plan, he said, "the average millionaire in this country would be get a reduction of tax of $200,000," while the higher average citizen in the future will face an increase of $6,000 in health care costs.

Plouffe reiterated the appeal launched by the Congress and Obama Democrats for the Elimination of tax relief for people earning more than $250,000 a year, saying: "we have to do this in a balanced manner" because the problem "cannot be all on the backs of seniors and middle class."Tom Cohen, Dana Bash, Lisa Desjardins and Brianna Keilar-CNN has contributed to this report.

View the original article here