Divided Congress Working to Avoid Automatic Cuts, Increase Debt Limit Posted by News Team | May 22, 2019 | News Top leaders of both parties in Congress made progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this year to increase the government’s borrowing limit.

 · Washington D.C. – Today, as Congressional leaders and White House officials race to pass legislation to avoid a default on the national debt, the First Focus Campaign for Children reacts to the bipartisan compromise reached last night, specifying what the deal means for America’s children.

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 · When Congress and Obama agreed on it in 2011, the sequester was designed as a punishment for failing to reach a broadly acceptable deficit deal. If the cuts.

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While policymakers work to hammer out an eleventh-hour deal to avoid. s debt. As part of that deal, congressional Republicans held the nation’s credit worthiness and economic recovery hostage to.

Congressional budget leaders reached a debt deal Tuesday, hoping to avoid billions of dollars in automatic spending cuts while getting the 2014 fiscal year kicked off without political gridlock over.

The White House on Sunday detailed how the deep spending cuts. the country’s debt ceiling. Here is a look at some of the issues involved in these two fiscal challenges. Sequester If Congress and.

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 · Congressional leaders have also said they are intent on resolving the debt ceiling issue as part of any deal to lift budget caps and avoid a shutdown come Oct. 1,

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Congressional leaders are hashing out a deal that would-at most-reverse about one-third of sequestration’s cuts over the next two years.. Why budget cuts are here to stay.

Every passing day in which momentum is not created toward a deal instead adds to the attractiveness of blaming the other party for failing to achieve one. Negotiations for the last deal began in.

 · The House approves an agreement between President Trump and congressional leaders to suspend the debt limit for 2 years and lift the spending caps by $320 billion.. cuts, known as sequestration.

 · The current agreement relaxing the caps expires in September 2019, and if Congress does not reach another deal lifting them again, federal agencies will.