Tuesday, December 10, 2013
Budget Deal Reached!
As we all know a budget deal has been the issue in the House and Senate BUT today a budget deal has been reached by the House and Senate budget negotiators averting any future government shutdown in January. The agreement eliminates about $65 billion in across-the-board domestic and defense cuts while adding an additional $25 billion in deficit reduction by extending a 2 percent cut to Medicare through 2022 and 2023, two years beyond the cuts set by the Budget Control Act of 2011. Both sides have worked on this agreement since mid-october and are now in agreement and Congress has approved the deal now letting budget negotiators not worry about any government shutdowns. To read more on the government shutdown the article would be here.