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United States Budget Battle Looms

United States Budget Battle Looms

6 Years ago | December 04, 2013 00:00:00

By John M. Bland

John Harwood on CNBC indicated a little while ago that progress is being made in the budget talks between Republicans and Democrats and the two Houses of Congress. Their goal is an agreement by December 13. 

There is a good chance of an agreement because the Republicans don't want to lose the public opinion war by forcing the government to shut down again. On the other hand, the Republicans are perfectly happy with extending the sequester agreement because it has had a big impact on the budget deficit. The Democrats apparently are willing to trade some entitlement cuts if they get some discretionary spending powers back.

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