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Congressional leaders reach a debt deal to avoid painful sequestration cuts

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Congressional leaders make progress on debt, spending talks. the fifth two-year budget agreement since a 2011 budget and debt bill set the stage for much-reviled automatic cuts known as sequestration. Without an agreement, the automatic cuts would total 5 billion.. "Conversations.

bowing to Trump’s wishes, has introduced legislation that would raise the debt limit and fund the government through mid-December, along with a Hurricane harvey aid package. democratic leaders..

House GOP leaders reach budget deal with Obama White House  · Congressional leaders make progress on debt, spending talks. debt bill set the stage for much-reviled automatic cuts known as sequestration. Without an agreement, the automatic cuts would total.

President Barack Obama met with the top four congressional leaders. happening to avoid it. Even if Republicans did want to reach an agreement, Lux said, “without a leader who can cut a decisive.

Here’s a look at some of the leaders who will influence whether the country can avoid falling off. a default on government debt will probably force a deal, even if the Obama administration and.

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Congress offloaded much of the painful decision-making to a “super committee. Automatic spending cuts would kick in if the committee can’t reach a deal. Theoretically, the committee could narrow.

Driving the bipartisan talks is the desire to avoid automatic spending cuts that threaten to hit the Pentagon and other federal agencies with budget reductions averaging 10 percent. At the same time, increasing the debt limit is required to avert a first-ever, market-quaking default on government obligations like interest payments and Social.

Republican leaders in Congress and a senior White House official expressed optimism Sunday that they can reach a deal to avoid adding a painful government shutdown this month to the deep budget cuts.

 · It would represent the fifth two-year budget agreement since a 2011 budget and debt bill set the stage for much-reviled automatic cuts known as sequestration. Without an agreement, the automatic cuts would total $125 billion.

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As current congressional leaders were involved in negotiations to avoid the “fiscal cliff,” former congressional leaders and governmental officials, journalists, and academics talked about.

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.

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