Congress 'Nearing the End' on Budget Deal

Sunday, 12 Jan 2014 09:59 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
House and Senate negotiators are closing in on a compromise budget deal, after a holdup on Obamacare funding appears to be settled, Politico reports.

Congressional leadership is hoping a finalized bill can be filed by Monday night and that it can be passed in both houses this week, the report said.

House Appropriations Committee Chairman Hal Rogers, R-Ky., and Sen. Barbara Mikulski, D-Md., were said to be making progress in in-person meetings after talks had gotten off to a rocky start on Thursday.

"There are some accommodations being made," said Rep. Ander Crenshaw, R-Fla., told Politico. Among those accommodations are funding for Wall Street regulators and a Treasury Department request to meet promises to the International Monetary Fund.

The current stopgap spending resolution ends Wednesday, so a three-day extension is planned for Tuesday to give Congress through the end of the week to take action to avoid another government shutdown.

The initial version of the agreement was reached between Rep. Paul Ryan, R-Wis., and Sen. Patty Murray, D-Wash., in December just before Congress broke for the holidays.

Non-emergency funding is still limited to $1.012 trillion, as in the Ryan-Murray agreement, Politico reports.

"This is a trillion-dollar bill," Rogers told reporters last week. "Using Reagan's definition of a trillion — it's a 67-and-a-half-mile-high stack of $1,000 bills — a lot of money. A year's work in 30 days time with Christmas and New Year's in it. So our staff is running on fumes. But we're nearing the end."

The Pentagon will be getting about $570.5 billion, about $35 billion less than its 2013 approved amount before sequestration cuts took effect.

Nondefense spending will be about $491.8 billion.

Politico compares that to the last spending bill for Fiscal 2008 passed during the George W. Bush administration, and shows big wins by Republicans. Adjusting for inflation, Obama loses about 10 percent of the funding he wants for domestic programs.





© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Holder Warns of Charges Against Bankers and Seeks Informants

Wednesday, 17 Sep 2014 11:55 AM

U.S. Attorney General Eric Holder is bearing down on Wall Street, warning of charges against individual bankers and push . . .

Michael McCaul Urges Crackdown On Radicalized Islamists in US

Friday, 12 Sep 2014 11:02 AM

Texas Rep. Michael McCaul has warned that the Islamic State is recruiting the "jihadi cool" crowd in America while calli . . .

CIA Triples Estimate of ISIS Fighters: 30,000+

Thursday, 11 Sep 2014 23:35 PM

Islamic State militants in Iraq and Syria now have about 20,000 to 31,500 fighters on the ground, the Central Intelligen . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved