Congressional Compromise
12/10/2013 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
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!