Congress, White House strike tentative two-year budget deal
Source: CBS News
Congressional leaders and the White House have reached a tentative agreement that would lift the debt ceiling through March 2017 and increase spending caps for the next two fiscal years, according to sources familiar with the negotiations.
...snip...
The deal would lift spending levels, imposed by a 2011 fiscal deal, for both the Pentagon and domestic programs equally for the next two fiscal years. For the rest of the current fiscal year, the deal would boost spending by $50 billion and increase spending for the year after by $30 billion, sources said.
The agreement would also address an issue with Medicare Part B by protecting millions of seniors from significant increases to their deductibles and premiums.
And for the debt ceiling, the deal raises it through March 2017 with no strings attached. Lawmakers have until Nov. 3 -- next Tuesday -- to handle it or risk a default.
Read more: http://www.cbsnews.com/news/congress-white-house-strike-two-year-budget-deal/
Apparently, Boehner is going to take the heat before Ryan settle's into the Speaker's Chair.
Hoyt
(54,770 posts)rpannier
(24,304 posts)I'm sure it's there
Couldn't be that people jumped to conclusions
on note: I'm okay with people taking precautions against some of the BS the government at all levels try to pull. But it seems when an (1) article comes out with a claim, it automatically becomes gospel with some people (provided it fits their narrative).
I would not suggest that people sit on their hands and wait for something horrible. But, it would be nice to go looking in a few locations for info before redying the pitchforks and torches
Omaha Steve
(99,061 posts)http://www.nytimes.com/2015/10/27/us/politics/congress-and-white-house-near-deal-on-budget.html
Aides said the Social Security Disability Insurance program would be amended, in part to tighten and standardize eligibility requirements that now vary by state. That change was projected to save the government $5 billion. In addition, the accord will call for eliminating a provision of the Affordable Care Act, not yet in force, that would require businesses with more than 200 employees to automatically enroll their workers for health insurance.