Thursday, October 17, 2013

Even With Today's Debt And Government Shutdown Agreement, The Pentagon Is Still Facing Another Round Of Sequestration

U.S. Congress. Wikipedia

Senate Deal Would Open Government, Avert Default - And Keep BCA Spending Caps -- Defense News

WASHINGTON — Senate Democratic and Republican leaders on Wednesday announced an eleventh-hour deal to end a government shutdown and avert a federal debt default — and also lock in sequestration’s deep spending cuts.

The deal should allow both chambers of Congress to act on the legislation before the United States would hit a statutory limit that would leave it unable to borrow more funds to pay outstanding bills. Some analysts said a U.S. default would undermine national security by delaying military and intelligence workers’ pay and payments to defense contractors.

The emergency fiscal deal — hammered out by Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., and backed by a 13-senator bipartisan group — would reopen the government until Jan. 15 and raise the debt ceiling until Feb. 15.

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My Comment: Everything is being kicked down the road .... again.

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