The impending government shutdown
in January might not occur after all. Congress has reached a bipartisan budget
deal that will avoid some of the sequestration’s spending cuts, and possibly
prevent another government shutdown. This budget deal was announced on Tuesday,
December 10th. The proposed bill will set overall discretionary
spending at $1.012 trillion, which will increase to $1.14 trillion in 2015.
This spending amount is a compromise, as the House of Representatives proposed
a budget of $967 billion and the Senate proposed a budget of $1.058 trillion.
This agreement would reduce federal deficits by roughly $22 billion, and
eliminate budget cuts to educations, medical research, and the military, among
other groups. The proposed budget deal is controversial as it does not include
extending unemployment benefits for those who have been long-term unemployed.
Congress has approved the bill, and the House and Senate are set to vote on the
bill in the next coming weeks.
518 Arbor Hill Rd.
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