Rapid Fire Jan. 3, 2013: Uncertainty Reasserted
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- The US Congress reached an agreement that delays sequestration by 2 months within a broader deal on taxes that nevertheless is more a stopgap than a fundamental solution. Secretary Panetta | HASC Chairman McKeon | OMB | HR-8 bill [PDF]| CBO scoring [PDF] | Stimson Institute | McAleese.
- The Pentagon and the White House will have to factor in this deal into their FY14 calculations. They are still pretending that submitting the next federal budget next month – while the overall tax and spend equation is still not resolved – is making sense. It is more likely that the FY14 PB rollout will be delayed.