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Congressional leaders reach a debt deal to avoid painful sequestration cuts

Congressional Leaders Make Progress on Debt, Spending Talks. the desire to avoid automatic spending cuts that threaten to hit the Pentagon and other federal agencies with budget reductions.

STOP SEQUESTRATION OF INDIAN HEALTH DOLLARS! The budget control act of 2011, outlines specific "caps" on federal spending between FYs 2013-2021. If Congress fails to reach a deal on appropriations, automatic-across the board sequestration cuts will occur. In FY 2013, the Indian health service lost 0 million from its budget due to sequestration.

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 · These cuts began on March 1, 2013. Sequestration was originally supposed to occur January 1, but Congress moved the date to March as part of its deal to avoid the fiscal cliff. This series of tax increases would have subtracted $607 billion gross domestic product.

Skepticism that they will reach. the debt deal requires that the panel come to an agreement by Nov. 23 and that Congress approve its strategy in an expedited up-or-down vote by Christmas. Without.

Our leaders. cuts under these reforms could amount to a minimum of $315 billion per year – that’s not chicken feed. The “ACA” (“Obamacare”), which was itself a reform passed by.

Michael Cohen Testimony live before the House Oversight Committee United States Congress Joint Select Committee on Deficit Reduction. The objective of the committee was to develop a deficit reduction plan over 10 years in addition to the $917 billion of cuts and initial debt limit increase of $900 billion in the Budget Control Act of 2011 that avoided a U.S. sovereign default.

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White House, congressional leaders reach debt deal. Minutes before Obama spoke, senate majority leader harry Reid, D-Nevada, and Minority Leader Mitch McConnell, R-Kentucky, also announced the deal on the Senate floor and encouraged colleagues to support it. However, House Minority Leader Nancy Pelosi, D-California,

Congressional leaders make progress on debt, spending talks. Their aim is to avoid automatic spending cuts – and to minimize the chances of a government shutdown .

U.S. House Republicans oppose the Senate’s budget bill and will seek to insert spending cuts. of the immediate pain and postpone Congress’ fiscal feud for two months — until a February fight over.

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Congressional leaders reach a debt deal to avoid painful sequestration cuts. According to Time, the agreement sets spending levels for two years and removes scheduled automatic cuts in an attempt to avert another government shutdown. "The deal does little to resolve the much larger partisan divides on government spending, but if enacted,