US Budget Negotiations to Restart
- Congressional leaders are signaling a more realistic stance as they’re about to restart budget negotiations next week. They are shrugging off any sort of ambitious “grand bargain” deal, and may instead be content to tinker at the edges, at least until after next year’s mid-term elections. Most Republicans on the House Armed Services Committee sent a letter to the House and Senate Budget chairs urging them to put back defense spending above sequestration levels. Republicans have some amount of leverage as Democrats would like to roll back sequestration, but there’s only so much they’ll get out of that bargaining chip in the absence of higher taxes.
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