By MICHAEL FALCONE and AMY WALTER – March 14, 2011
Just like that, President Obama finds himself in the midst of one of the most challenging periods of his presidency — and it could get a lot worse.
At home, the White House faces an ongoing debate over how to fund the government, how much to cut and which side — Democrats or Republicans — are going to blink first on the looming issue of entitlement reform.
Both parties on Friday seemed to come to an agreement on a three-week continuing resolution that would keep the government open while cutting about $6 billion. It would continue to fund the government when the current stop-gap bill expires on March 18.
