December 10, 2013

HMM: Budget Deal Is Sealed. “Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.) announced a budget deal Tuesday evening that would call for about $1 trillion in federal spending in 2014 while replacing some sequestration cuts. The deal replaces $63 billion in sequester cuts over two years and trims an additional $23 billion in long-term deficits. The agreement falls far short of the grand budget bargain Speaker John Boehner (R-Ohio) and President Obama once envisioned. But if passed, it will bring a measure of fiscal peace to the capital for the first time since Republicans took control of the House in 2010.”

I dunno. It may be more politically advantageous than another shutdown, but I think the sequester was doing a better job of restraining spending.