Budget deal would avoid another government shutdown

Budget deal would avoid another government shutdown

A bipartisan Budget Conference Committee this week announced a budget deal that caps federal government spending for the next two fiscal years. The plan, which requires approval from the full House and Senate, would also trim $63 billion from automatic spending cuts through sequestration, without the need for taxes. Although the plan does not address

Three deadlines shaping the budget debate

Three deadlines shaping the budget debate

The current budget debate on Capitol Hill is being shaped by several events in the next few months including raising the debt ceiling, the debate on sequestration, and the expiration of a continuing resolution to fund the government. March 1 A March 1, 2013 deadline is set for action on $1.2 trillion in automatic spending