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Bipartisan Federal Budget Deal Reached Three Days before Budget Committee Deadline

December 11, 2013
Leaders from the House and Senate Tuesday revealed a bipartisan budget deal that lays out the federal government’s spending plan through Sept. 30, 2015.
 
The House is expected to vote on the measure on Thursday.

In reaching an agreement to end the federal shutdown in October, Congress passed a continuing resolution to keep the government open through Jan. 15, 2014 and moved the debt limit deadline to Feb. 7, 2014. Action this week ensures that the federal government will continue to operate as the Republican-led House and Democratic-led Senate work on the larger issues affecting government spending including health care, entitlement programs and the tax code.
 
The brief plan provides $63 billion in sequester relief and requires $23 billion in deficit reduction over 10 years. It sets spending for FY 2014 at $1.012 trillion (in between the House proposal of $967 billion and Senate proposal of $1.058 trillion) and the 2015 spending level at about $1.014 trillion. The deal does not include an extension of unemployment insurance nor does it include any changes to the debt ceiling. Because House Republicans indicated that they have a backup-short-term plan ready in case this agreement does not go through, there is question on whether the deal will actually pass.
 
The National League of Cities is currently analyzing how the spending plan will affect cities. 
 
For more on the League of California Cities’ federal priorities, please visit www.cacities.org/federal.


 
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