Federal employees will find out this week — as soon as Tuesday — whether budget negotiators plan to push for changes to their pension benefits as part of a deal to offset some of the sequester spending cuts.
The congressional budget conference committee led by Rep. Paul Ryan, R-Wis., and Sen. Patty Murray, D-Wash., has until Dec. 13 to present its recommendations for rolling back the automatic spending cuts and extending the continuing resolution funding the government through Jan. 15, 2014. A “small” deal, rather than a grand bargain over tax and entitlement reforms, is expected; the panel is considering requiring federal employees to contribute 1.2 percent more to their pensions, which would save about $20 billion over 10 years, according to the White House and the Congressional Budget Office. The committee reportedly would use those savings to help pay for a partial repeal of the sequester. Continue reading “Feds’ Tension Over Possible Pension Changes Escalates”
Senate Majority Leader Harry Reid (D-Nev.) said Thursday he regrets being “too lenient” in previous budget talks with Republicans.
Reid said he and President Obama were too willing to compromise in talks that took place in 2011 and 2012, and that he intends to drive a harder bargain going forward.
“If you give a bully a dollar today, they ask for a dollar and a half tomorrow,” he said in a radio interview with Nevada’s KNPR. “It has taken a while for all my caucus to come to that understanding. And quite frankly, the president, wonderful man that he is, he doesn’t like confrontation and he likes to work things out with people.
”“I was too lenient. Don’t blame it all on him,” Reid added. He also ruled out the possibility that a budget conference committee convening next week will reach a “grand bargain” that would cut entitlements, raise taxes and reduce spending. Continue reading “Reid rules out grand bargain”
FILE – In this Oct. 11, 2013, photo, House Budget Committee chairman Rep. Paul Ryan, R-Wis., laughs as he walks to his office on Capitol Hill in Washington. Forget a grand bargain. Reaching even a small budget deal will be a challenge when negotiators start meeting in an effort to salvage any kind of agreement in the aftermath of this month’s shutdown debacle and debt limit crisis. “If we focus on some big, grand bargain then we’re going to focus on our differences and both sides are going to require that the other side compromises some core principle and then we’ll get nothing done,” Ryan, said in an interview on Oct. 24. (AP Photo/ Evan Vucci, File)
WASHINGTON (AP) — On this, GOP budget guru Rep. Paul Ryan and top Senate Democrat Harry Reid can agree: There won’t be a “grand bargain” on the budget.
Instead, the Wisconsin Republican and the Nevada Democrat both say the best Washington can do in this bitterly partisan era of divided government is a small-ball bargain that tries to take the edge off of automatic budget cuts known as sequestration.
More than six in 10 Americans say Speaker John Boehner should be replaced as the top leader in the U.S. House of Representatives, a poll finds.
Fresh off a 16-day government shutdown that damaged the Republican Party in the eyes of many, 63% of adults said in the CNN/ORC International poll released Monday said Boehner, R-Ohio, should no longer wield the gavel. That compares with 30% who say Boehner should continue as speaker.