Fiscal cliff deal: No comfort to feds

Fiscal cliff deal: No comfort to feds

Jan. 7, 2013 – 07:22AM   |

By STEPHEN LOSEY and SEAN REILLY   |   Comments
 Echoing the sentiments of other Congressional Republicans, Senate Minority Leader Mitch McConnell, R-Ky., signaled in an opinion piece posted on Yahoo News' website last week that the GOP will use the looming debt ceiling showdown to shrink spending.
Echoing the sentiments of other Congressional Republicans, Senate Minority Leader Mitch McConnell, R-Ky., signaled in an opinion piece posted on Yahoo News‘ website last week that the GOP will use the looming debt ceiling showdown to shrink spending. (AFP)

The fiscal cliff deal, struck last week, delayed steep sequestration budget cuts for two months, but it does virtually nothing to solve the major problems facing federal employees.

Instead, it sets the stage for a series of new “cliffs” within the next couple of months: a needed increase in the nation’s debt ceiling by late February; steep sequestration budget cuts due to hit March 1; and the March 27 expiration of the current government spending bill. Continue reading “Fiscal cliff deal: No comfort to feds”