Congressional leaders reach a debt deal to avoid painful sequestration cuts

Obama’s position is that Congress should now act to avoid those across-the-board cuts. Obama can’t rightly say the sequester isn’t his, but he did need cooperation from Congress to get to.

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Frustrated with his former colleagues in Congress. leaders in that chamber have instead said they’re awaiting the outcome of the debt talks. But Republicans said Democrats are trying to avoid.

White House – Congressional Leaders Reach Debt Ceiling Compromise; Must Now Sell Plan to the Congress A "deal" has been struck over the weekend between the White House and congressional leadership to raise the federal government’s debt ceiling in exchange for significant cuts in spending levels over the next decade, and avoid a first.

Congressional leaders make progress on debt, spending talks. the fifth two-year budget agreement since a 2011 budget and debt bill set the stage for much-reviled automatic cuts known as sequestration. Without an agreement, the automatic cuts would total $125 billion.. "Conversations.

THE DEM LEADERSHIP. deal, but the big question still remains: What will President Donald Trump do? “Senate Majority Leader.

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The fate of the negotiations remained in doubt, two days before the beginning of a new year that would trigger across-the-board tax increases and spending cuts that leaders in both parties have said.

The budget sequestration in 2013 refers to the automatic spending cuts to United States federal government spending in particular categories of outlays that were initially set to begin on January 1, 2013, as a fiscal policy as a result of Budget Control Act of 2011 (BCA), and were postponed by two months by the american taxpayer relief Act of 2012 until March 1 when this law went into effect.

Congressional leaders make progress on debt, spending talks Their aim is to avoid automatic spending cuts – and to minimize the chances of a government shutdown . By ANDREW TAYLOR Associated Press

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Congressional budget leaders reached a debt deal, hoping to avoid billions of dollars in automatic spending cuts while getting the 2014 fiscal year kicked off without political gridlock over how.

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