
Senate Majority Leader Harry Reid (D-NV) has fired off a letter to House Speaker John Boehner (R-OH) offering an urgent compromise on Congress' latest impasse: the partial shutdown of the Federal Aviation Administration.
The move comes just hours after President Barack Obama slammed the imbroglio for creating a "lose-lose-lose situation" and urged Congress to resolve the matter before the end of the week.
Complicating matters is the fact that many lawmakers are about to leave DC, or have left already, as this year's Congressional recess has now begun.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Obama: 'No Silver Bullet' For Gas Prices, 'But There Are A Few Things We Can Do'
In this weekend's YouTube address, President Obama discussed his administration's response to high gasoline prices.
"Now, whenever gas prices shoot up, like clockwork, you see politicians racing to the cameras, waving three-point plans for two dollar gas," said Obama. "You see people trying to grab headlines or score a few points. The truth is, there's no silver bullet that can bring down gas prices right away.
"But there are a few things we can do. This includes safe and responsible production of oil at home, which we are pursuing. In fact, last year, American oil production reached its highest level since 2003. On Thursday, my Attorney General also launched a task force with just one job: rooting out cases of fraud or manipulation in the oil markets that might affect gas prices, including any illegal activity by traders and speculators. We're going to make sure that no one is taking advantage of the American people for their own short-term gain. And another step we need to take is to finally end the $4 billion in taxpayer subsidies we give to the oil and gas companies each year. That's $4 billion of your money going to these companies when they're making record profits and you're paying near record prices at the pump. It has to stop."

