Senate and House negotiators reached an agreement yesterday,
December 10, 2013, on top line numbers for Fiscal Year (FY) 2014
and FY 2015 spending and partial replacement of the sequester
cuts.
It is being reported that the "bipartisan package includes
$63 billion of 'sequester relief,' $85 billion of total
savings, and $23 billion in net deficit reduction. The agreement
would set the discretionary spending level for fiscal year 2014 at
$1.012 trillion, and $1.014 trillion in FY 2015." Click
here to view the Politico article.
A summary, section by section, and legislative text of the
budget deal can be found here.
The House is expected to consider the proposal as early as
tomorrow, Thursday December 12th. While there are rumblings
in the press that some conservatives and some Democrats are not
happy with the deal it is too soon to know if that is the sign of a
true compromise or trouble brewing in the wings.
