ALBANY, NY - MARCH 16: The New York State Capitol building is seen March 16, 2008 in Albany, New York. New York State Lt. Gov. David Paterson will be sworn in here on March 17, replacing Gov. Eliot Spitzer who resigned last week in a prostitution scandal.(Photo by Daniel Barry/Getty Images)
Meanwhile, Gov. David Paterson says he will soon begin planning how to deal with the worst case scenario of no deal at all. He says he's hoping to avoid the borrowing, credit ratings damage and extreme measures such as selling off assets, if a deal isn't struck so New York can pay its December bills.
Democratic senators blamed Republican senators who were brought into closed-door negotiations Tuesday night. Democratic Senate Majority Leader Pedro Espada also called the Democratic governor the main obstacle to a deal.
"I would not put a timeline on this kind of negotiation. Numerically we are probably not far apart in terms of the numbers," Paterson said.
The governor said he is sticking by his demand that lawmakers come up with recurring spending cuts -- not one shot gimmicks.
"I'm not gonna make any long term threats," Paterson said. This was a shift from 24 hours prior, when Paterson told lawmakers to "stop making plans" because they wouldn't be going anywhere