Today the VP Joe Biden announced that the House and Senate agreed to a spending-cut target of $73 billion. Since October 1, Congress has passed many short term spending resolutions. Reaching an agreement on this bedget is a major step forward in negotiations. Since the negotiations have begun House Republicans had wanted $100 billion in cuts, while Senate Democrats wanted $51 billion in cuts. The one reason this agreement is major is because since Republican hold majority in House they could set these cuts. Even though they could do this without a compromise from Senate a filibuster could stop the proposal. My only question is what is the money in the budget cut going to go to. In the video below Rep. Pence talks about this question of mine.
Now that my question is answered but not fully, im kinda happy that Congress finally agreed on a budget. My reason for this is that maybe this will be an impact so the government doesn't shut down. But at least Congress finally agreed on one important subject today.
Links:
http://politicalticker.blogs.cnn.com/2011/03/30/bipartisan-house-and-senate-negotiators-agree-on-73-billion-figure-for-cuts-in-current-year-budget/
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