17 December 2013 Last updated at 17:31 ET
The US Senate is expected to pass a two-year cross-party budget agreement later this week
A budget bill has passed a US Senate procedural vote, all but guaranteeing its approval this week and lowering the threat of a fresh government shutdown.
In a rare show of cross-party spirit, 12 Republicans joined Democrats to pass the measure 67-33, paving the way for a majority vote later this week.
The two-year budget bill was overwhelmingly approved last week by the US House of Representatives.
President Barack Obama has also backed the budget proposal. Continue reading “US Senate sends budget deal over crucial hurdle”
Recent polls show that the 16-day government shutdown impacted Virginians more than voters nationally, which is perhaps not surprising in light of how many federal workers live in the state and the D.C. metropolitan region.
Thirty-five percent of Virginia registered voters in a Post/Abt-SRBI poll out this week said they were personally inconvenienced by the shutdown, compared to 22 percent of voters nationally in a Post-ABC poll last week said the same. Continue reading “Post poll: Shutdown hit Virginians more than voters nationally”
As March 1 approaches, across-the-board federal spending cuts, called sequestration, appear almost certain to occur. Republicans and Democrats are not negotiating to resolve the looming crisis. Neither seems sufficiently motivated to compromise.
The problem is not that sequestration is nothing to worry about. According to an analysis by the Center on Budget and Policy Priorities, sequestration will cut most domestic programs by about 5.3 percent and most defense spending by 7.7 percent. Moreover, these cuts will be compressed into a short, seven-month time frame, which will nearly double their impact for the rest of the year to nine and 13 percent respectively. Continue reading “Sequestration Standoff”