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Posts Tagged ‘debt ceiling agreement’

Talks Underway to Strike Compromise on Defense Spending Bill, Durbin Says

  • December 19, 2013
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When it comes to the fiscal 2014 defense spending bill, the assignment for House and Senate appropriators is to find more than $20 billion in savings from the original budget plans advanced in each chamber. “Negotiations are underway. We’ve got to cut $22 billion out of our mark in the Senate,” Richard Durbin (D-Ill.), chair of the Senate Defense Appropriations Subcommittee, told the Hill. “We understand this won’t be easy …

Senate Clears Budget Deal; Appropriators Off to the Races

  • December 18, 2013
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The Senate cleared the two-year bipartisan budget agreement on Wednesday, clearing the way for House and Senate appropriators to craft an omnibus spending package for the last eight-and-a-half months of fiscal 2014. The budget framework passed the Senate by a 64-36 vote and now goes to the desk of President Obama, who applauded the deal after it was passed. The next deadline for appropriators is Jan. 15, the date when the current continuing resolution runs out …

Budget Agreement Headed for Passage in Senate

  • December 17, 2013
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The Senate on Tuesday approved a procedural vote to end debate on the two-year budget agreement, paving the way for the chamber to approve the deal on Wednesday. Twelve Republicans joined all 55 Democrats and independents in supporting the cloture vote, reported the Hill. Final passage requires only a simple majority …

Senate to Take up Budget Agreement, Defense Bill This Week

  • December 16, 2013
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Despite public opposition from Republican lawmakers, the Senate this week is expected to approve key agreements unveiled over the past seven days — a budget agreement setting topline spending for fiscal 2014 and 2015, and a compromise version of this year’s defense authorization bill. The chamber likely would hold a vote to limit debate on the budget deal Tuesday, with final action expected by Wednesday. Many GOP senators oppose the deal for suspending a portion of the spending caps imposed under sequestration, but the overwhelming 332-94 vote last week in the Republican-controlled House to pass the budget framework will make it difficult for Senate Republicans to block the legislation …

Long-Term Need to Trim Force Structure Remains despite Sequester Relief, Air Force Says

  • December 15, 2013
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The bipartisan budget deal reached last week will help the Air Force mitigate urgent readiness problems, but long-term budget constraints still will force officials to reduce the size of the service’s forces, the Air Force’s top two officials said Friday. “Even with this relief, we will need to re-size the Air Force to one that is smaller than it is today in order to protect investments we need for the future, and to shape an Air Force that we can keep ready,” acting Air Force Secretary Eric Fanning told reporters at a Pentagon news briefing …

Hagel Praises Sequester Relief included in Budget Deal

  • December 12, 2013
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Defense Secretary Chuck Hagel on Thursday applauded this week’s budget agreement for restoring much-needed funds to military readiness accounts and supporting planning efforts over the next two years. “While this agreement doesn’t solve every budget problem facing DOD, it will help address our military readiness challenge by restoring funding for training and procurement — especially in fiscal year 2014,” Hagel said …

Budget Deal Imposes Reality on Defense Appropriators

  • December 11, 2013
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Tuesday’s budget deal would greatly benefit defense programs by erasing $20 billion in additional sequester cuts scheduled to go into effect next month, but it also means House and Senate appropriators will need to adhere to the adjusted spending caps for DOD included in the agreement. The fiscal 2014 defense spending bills drafted in the House and Senate, as well as the Pentagon’s budget request, all ignored the likelihood that sequestration would be triggered for a second straight year and called for funding that exceeded the Budget Control Act spending caps by about $50 billion …

For Pentagon, Budget Deal Would Avoid Worsening Automatic Spending Cuts

  • December 11, 2013
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Defense officials would not need to find additional budget savings in fiscal 2014 and 2015 under the budget deal reached Tuesday, but they still would need to contend with sequester cuts in line with those imposed last year. On the one hand, the Defense Department would earn a reprieve from $22 billion in automatic cuts in the current year, erasing a $20 billion increase in the sequester scheduled to hit in January. But officials still would need to identify about $32 billion in savings from its FY 2014 budget request, however, as its $552 billion proposal was $54 billion above the spending cap …

Ryan, Murray Complete Deal with Partial Reprieve of Sequester Cuts

  • December 10, 2013
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After two months of mostly quiet negotiations, House Budget Chairman Paul Ryan (R-Wis.) and Senate Budget Chairwoman Patty Murray (D-Wash.) announced a deal Tuesday that sets topline discretionary spending for the next two years and averts a total of $63 billion in sequester cuts over that period. In fiscal 2014, $45 billion in sequester cuts would be restored, bringing total discretionary spending to $1.012 trillion. That topline figure represents a $24 billion increase over the FY 2013 spending level of $988 billion …

Negotiators Hope to Announce Budget Deal This Week

  • December 9, 2013
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House Budget Chairman Paul Ryan (R-Wis.) and Senate Budget Chairwoman Patty Murray (D-Wash.) are trying to wrap up talks by Wednesday on a budget agreement that would provide partial relief for scheduled sequester cuts in fiscal 2014 and 2015. That exact amount of sequester relief is not yet final, but sources indicate it could approach $65 billion over the next two years, with the extra funds evenly split between defense and domestic programs …

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