at 345 billion after republicans agreed late wednesday to 3 billion in cuts to the pentagons budget for many tea partybacked lawmakers that may not be enough theyve said they want to see at least 61 billion in cuts that was outlined in the original house bill about 10 billion in spending has already been cut in temporary funding measures reid and boehner will meet with obama again today for the third time this week to hash out a deal todays rhetoric is markedly different than the tone of optimism that was struck after wednesday nights meeting i thought the meetings were frank they were constructive and what they did was narrow the issues and clarify the issues that are still outstanding obama said wednesday night boehner also cited progress but suggested some honest differences still divided the two parties negotiating teams i want to reiterate that there is no agreement on a dollar number and there no agreement on the policy boehner said but theres an intent on both sides to continue to work together to try to resolve this no one wants the government to shut down we are going to continue to work throughout the night and tomorrow obama suggested he would keep the pressure on both sides were going to keep on pounding away at this thing because im absolutely convinced that we can get this done he said there is no reason we should not be able to complete a deal a government shutdown would have wide effects officials say including delaying many tax refunds and delaying pay for military personnel obama cited the reallife story of jt henderson which was reported by abc news henderson is expecting to receive a large tax refund to pay bills a shutdown could have real consequences for real people obama said there are ramifications all across this economy and at a time when the economy is still coming out of an extraordinarily deep recession it would be inexcusable given the relatively narrow differences when it comes to numbers between the two parties that we cant get this done if a deal to fund the government cannot be reached at least 800000 federal employees are expected to be furloughed the same as during the 1995 government shutdown but unlike then its unclear whether they would receive back pay for the lost time troops and other agency staff that are considered essential and kept on duty during a shutdown will not receive paychecks until congress makes a deal members of congress however will continue to be paid every lawmaker must decide which of their employees is considered essential and should be kept on staff while the government is shut avoiding a government shutdown time running out the clock quickly is running out for lawmakers current funding expires at midnight on friday and a house bill needs to be presented 48 hours before it is brought to the floor for a vote democrats blame boehner for caving in to tea