Dec
10

Congressional Compromise

The budget deal Senator Murray (D-WA) and Representative Ryan (R-WI) have crafted will reduce sequestration effects by 37% and allow agencies to determine how to implement the remaining 63%. The new policies are evenly split between fees and spending cuts and keep government running through fall 2015. The overall $45 billion rise in government spending in FY14 should boost GDP by 0.275%, which sure beats austerity. Finally, Congress breaking good!

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