Congressional leaders reach a debt deal to avoid painful sequestration cuts

Congressional Leaders Make Progress on Debt, Spending Talks. the desire to avoid automatic spending cuts that threaten to hit the Pentagon and other federal agencies with budget reductions.

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 · Members of New Hampshire’s congressional delegation said Friday they were frustrated that nothing was done to avoid federal budget cuts or target them more specifically than they will be.

The Democratic defeat was historic by other measures as well–in House seats lost in a congressional election (the most since. hopes that Obama’s presidency would inaugurate a "new" New Deal. The.

"It might not be possible to reach a framework agreement during the lame duck. Then, all the tax cuts would expire. to sit down for a moment. Congress is getting closer to a deal on the.

 · The cuts were originally slated for $109 billion this year, but after the fiscal-cliff deal postponed the sequester for two months by finding alternate savings, the sequester will amount to $85.

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Collins, King Call on President and Congress to Reach Agreement to Avert Sequestration, Reduce Debt. For example, at Portsmouth Naval Shipyard, the Navy is prepared to cut the pay of its civilian workforce by 20 percent, the result of a 22-day furlough, and to defer or cancel critical repairs to the USS MIAMI submarine.

WASHINGTON (AP) – Top leaders of both parties in Congress made better-than-expected progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a.

– Solutions to the federal sequestration plan seemed scant Friday, but blame was widely shared among New Jersey’s congressional leaders as the deadline passed to strike a deal to avoid $85.

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 · How will congress avoid sequestration?. would prefer to negotiate a new debt limit rather than let the cuts caused by sequestration go into effect.. days to reach a decision. They can avoid.

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

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.