Budget deal expected this week amounts to a cease-fire as sides move to avert a standoff
House and Senate negotiators were putting the finishing touches Sunday on what would be the first successful budget accord since 2011 ...
Senior aides familiar with the talks say the emerging agreement aims to partially repeal the sequester and raise agency spending to roughly $1.015 trillion in fiscal 2014 and 2015. That would bring agency budgets up to the target already in place for fiscal 2016. To cover the cost, Ryan and Murray are haggling over roughly $65 billion in alternative policies, including cuts to federal worker pensions and higher security fees for the nation’s airline passengers.
This could very well be the trigger for a Christmas rally....
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