Negotiators reach budget deal
By THE ASSOCIATED PRESS -
WASHINGTON — Shedding gridlock, key members of Congress reached a modest budget agreement Tuesday to restore about $63 billion in automatic spending cuts from programs ranging from parks to the Pentagon.
The spending increases would be offset by a variety of increased fees and other provisions elsewhere in the budget totaling about $85 billion over a decade, leaving enough for a largely symbolic cut of about $23 billion in the nation’s debt, now $17 trillion and growing.
Warner, Kaine react to budget agreement
U.S. Sens. Mark Warner and Tim Kaine, both Virginia Democrats, express-ed some concerns about the budget agreement announced Tuesday, but both praised the cooperation behind the deal.
Warner said: “My hope is this compromise allows us to step away from the irrational harm of sequestration, which hits Virginia harder than any other state. This is a productive step forward that avoids another shutdown and allows the government to operate with more predictability over the short term. I have some concerns about the impact on the federal workforce and our military retirees, which is another reason why we need to tackle the larger and more important issues of tax and entitlement reforms to fix our balance sheet over the long term.”