House Minority Leader Nancy Pelosi says that while deficit reduction is a laudable goal, there are precious few spending cuts left to negotiate in exchange for raising the debt ceiling.
"The cupboard is bare," the California Democrat said in an interview aired Sunday on CNN's "State of the Union." "There's no more cuts to make."
"We all want to reduce the deficit," she added. "Put everything on the table, review it, but you cannot have any more cuts just for the sake of cuts. Right now you’re taking trophies."
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