House and Senate negotiators said late Thursday that they reached a budget deal. The agreement would restore some of the automatic spending cuts known as sequestration, and includes some relatively small deficit reduction over the next two years. Rep. Paul Ryan, R-Wisc., and Sen. Patty Murray, D-Wash., hammered out the deal, which they characterized as a step in the right direction that would avoid another government shutdown in mid-January if both the House and Senate approve the budget.
Originally published on Tue December 10, 2013 7:09 pm
The fight over taxes, entitlements and income inequality has clearly been reignited in the Democratic Party, sparking questions about whether, and how hard, to push economic populism as the party approaches the 2014 midterm elections and beyond.
The latest flare-up came between centrist Democrats at the Third Way think tank and liberals who view Sen. Elizabeth Warren, D-Mass., as their champion.
Originally published on Tue December 10, 2013 7:07 pm
Congressional negotiators announced Tuesday that they'd reached a budget proposal to restore about $65 billion worth of sequestration cuts in exchange for cuts elsewhere and additional fees.
If approved by both the House and Senate, the plan — hammered out by Republican Rep. Paul Ryan of Wisconsin and Democratic Sen. Patty Murray of Washington — would avoid another government shutdown on Jan. 15.
Speaking at a news conference Tuesday evening, Ryan said the budget plan doesn't raise taxes and that it's a "step in the right direction."
Originally published on Tue December 10, 2013 6:14 pm
House and Senate negotiators working to finish a farm bill say it is unlikely their work will be completed before the end of the year. The House is only in session for the rest of the week, and according to one of the negotiators, this week's snowy weather has delayed some numbers-crunching needed to figure out how much elements of a possible deal will cost.
"We're going to pass it in January," said Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., as she left a closed-door meeting to negotiate details of the five-year farm bill.