Negotiators Close to Budget Deal, But Nothing Grand
Congressional budget negotiators have until Friday to finish their work for the year - and they are reportedly closing in on a proposal for next year. But according to the Washington Post - the deal would not include any significant tax or entitlement reforms - nor would it seriously deal with the sequester cuts. Aides told the Post the emerging plan would raise agency spending to just over a trillion dollars for the next two fiscal years - aiming to offset spending by cutting federal worker pensions and with other modest changes. The deal would do nothing to trim the debt. It's reported the negotiators hope to finish the bill in a matter of days and take it straight to the House and Senate floors - rather than taking it to the conference committee. Lawmakers have until January 15th to pass a budget bill.
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