Tuesday, December 10, 2013

US lawmakers announce two-year budget deal - Yahoo News

US lawmakers announce two-year budget deal - Yahoo News

1 comment:

  1. "It's a good sign that Democrats and Republicans in Congress were able to come together and break the cycle of short-sighted, crisis-driven decision-making to get this done," the president said shortly after the deal was announced.

    The agreement's main brokers, Democratic Senator Patty Murry and House Republican Paul Ryan, said it sets the new annual budget caps for 2014 and 2015 at just over $1 trillion -- slightly higher than current levels -- and at least partially repeals the automatic, widely loathed budget cuts known as "sequestration."

    "I see this agreement as a step in the right direction," Ryan, the 2012 Republican vice presidential nominee and chairman of the House Budget Committee, told reporters, noting that the deal does not raise taxes on Americans.

    "We have broken through the gridlock and reached a bipartisan budget compromise that will prevent a government shutdown in January," added Murray, the Senate's top budget chief, who said she and Ryan set aside their political differences to reach a compromise over weeks of negotiations....../-

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