However, it’s far from clear how they can move forward in any meaningful way.
Indeed, a budget deal that the bipartisan group had been hoping to craft for months was losing steam long before Tuesday’s meltdown.
Even though 64 Senators signed a letter of general support for the group earlier this year, the political winds seem to have turned against it.
Senate Majority Leader Harry Reid (D-Nev.) vowed to block any cuts to Social Security — a key plank of the group’s package. Senate Minority Leader Mitch McConnell (R-Ky.) and Speaker John Boehner (R-Ohio) both said revenue increases of any kind were off the table — another key plank.
President Barack Obama, meanwhile, never embraced the group’s work, nor his fiscal commission’s plan, which the group had been using as a basis for its talks. Obama further marginalized them by calling for a new panel headed by Vice President Joseph Biden. That group has had several meetings but is currently on hiatus while the House is in recess.
Sources familiar with the gang of six’s talks said the two sides had gotten very close to a global deal that included cuts to Social Security, Medicare, Medicaid and discretionary spending, as well as more revenue. But Coburn insisted on deeper, faster cuts, including an extra $130 billion from Medicare, which Democrats were unwilling to accept.
Coburn, meanwhile, wasn’t in a rush to rejoin the talks. “I’m on sabbatical,” he said, adding that he might return to the talks if there was movement.
“They knew it was coming,” Coburn said of the other Members. “We had several weeks of areas where I had expressed concerns.”
Coburn said he doesn’t begrudge the other Republicans in the group, Chambliss and Sen. Mike Crapo (Idaho), for continuing to negotiate. Senate Majority Whip Dick Durbin (D-Ill.) also has been involved in the talks.
“If they can work out something that’s agreeable to me, I’ll look at it. I may be back. But the point is I didn’t see it. When I talked to Dick Durbin, we both agreed we were at an impasse. He actually said it at our Monday meeting. I thought about it overnight and said, ‘You’re right,’” Coburn said.
Chambliss, for his part, said Coburn’s support remains “crucial.”
He added, “I still want Tom Coburn involved in our process.”
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.