Washington (CNN) – Congressional budget talks have entered a pivotal phase with some lawmakers working to lower expectations. But the two top negotiators and their staff have outlined how a possible deal, if they agree on one, could get through the House and Senate.
House Budget Committee Chairman Paul Ryan, R-Wisconsin, and Senate Budget Committee Chairman Patty Murray, D-Washington, are leading a conference committee convened to work out differences between House and Senate budget resolutions.
The marquee issue is more forced spending cuts, or sequester, set to take effect in mid-January.
The committee has until December 13 to agree on spending levels and how to tackle the sweeping cuts that would total $110 billion. Continue reading “Congressional budget talks at critical point”