Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Report: Congress Eyeing $85 Billion Budget Deal To End Sequester Cuts

WASHINGTON, Nov. 22 (UPI) — Congressional negotiators are working on an $85 billion compromise budget that would end some mandated sequester cuts, The Hill said.

Sources told the Washington political publication leaders of the House-Senate budget conference committee hope to reach agreement on a spending framework over the Thanksgiving break, clearing the way for a vote when Congress reconvenes after the holiday.

Negotiators face a self-imposed Dec. 13 deadline.

Such a deal could avoid the chance of another divisive government shutdown in January and clear the way for consideration of at least a dozen appropriations measures for fiscal year 2014.

However, the two sides reportedly remain about $30 billion apart with Republicans — led by Rep. Paul Ryan of Wisconsin, chairman of the House Budget Committee — opposed to proposals by Democrats to close tax loopholes to increase revenue. Sen. Patty Murray of Washington is the Democrats’ lead negotiator.

Budget negotiators may look at savings at the money-losing U.S. Postal Service — possibly ending Saturday mail delivery, closing facilities and cutting benefits — and from increasing employee contributions to the Federal Employee Retirement System to reduce the deficit.

But major changes in taxes and entitlement program cuts are not on the table so far, the report said.

The administration faces a $65 billion in automatic sequester cuts in the next two years if a budget deal is not reached.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Report: Congress Eyeing $85 Billion Budget Deal To End Sequester Cuts”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.