Congress to Roll Back Sequester
Not sure how this is actually working. Numbers don’t seem to add up here.
Check it out:
Congressional negotiators reached a modest budget agreement Tuesday to restore about $63 billion in automatic spending cuts from programs ranging from parks to the Pentagon, with votes expected in both houses in the next several days.
Officials said the increases would be offset by a variety of spending reductions and increased fees elsewhere in the budget totaling about $85 billion over a decade, leaving enough for a largely symbolic cut of more than $20 billion in the nation’s $17 trillion debt.
The deal “reduces the deficit by $23 billion and it does not raise taxes. It cuts spending in a smarter way” than the ones in effect, said Rep. Paul Ryan, the Wisconsin Republican who chairs the House Budget Committee and was his party’s negotiator in several weeks of secretive talks.
His Democratic counterpart, Sen. Patty Murray of Washington, said, “We have broken through the partisanship and gridlock” that could have produced a government shutdown in January.