New Budget Passed, But Is the Inter-Party Fight Over?

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

fights

The American people are sick and tired of the constant crises we’ve seen here in D.C. over the past few years. I am hopeful this deal can be a foundation for continued bipartisan work, because we have so many big challenges we need to tackle for the families and communities we represent,” said Senate Budget Committee Chair Patty Murray following the Senate’s passage on a short term budget agreement — according to the Washington Post.

The new budget deal isn’t grand solution unfortunately, and it seems to have a long a list of things it doesn’t do alongside what it actually accomplishes. The agreement removed the possibility that Congressional hostilities could heat up on January 15, at which point the stopgap measures were set to lapse.

It does prevent a second shut down so soon after the first, but it does not raise the debt ceiling in a more long term fashion — reports the Washington Post — meaning that debt concerns could very well crop back up in February or March. With the nations budget at least somewhat settled, at least for the moment, its clear that inter-party warfare is not over.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business