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US politicans agree budget deal to avert another government shutdown

Posted By admin On December 11, 2013 @ 6:38 am In Money Watch | Comments Disabled

Katherine Rushton
London Telegraph [1]
December 11, 2013

America’s politicians have agreed a new budget deal that should avert a repeat of the political brinkmanship that led the government to shut down in October, throwing the economy into turmoil.

The US government was set for a repeat of the stalemate at the start of next year, when a temporary agreement over its budget expires on January 15 and it breached its borrowing limit the following month.

However, politicians from both the senate and congress have brokered a new budget deal, meaning they will not return from their Christmas holidays to a new round of eleventh-hour budget negotiations.

“Today’s bipartisan budget agreement is a good first step,” President Barack Obama said. “I want to call on members of Congress from both parties to take the next step and actually pass a budget based on this agreement so I can sign it into law.”

Full article here [1]

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URLs in this post:

[1] London Telegraph: http://www.telegraph.co.uk/finance/economics/10509944/US-politicans-agree-budget-deal-to-avert-another-government-shutdown.html

[2] Last-minute budget deal narrowly avoids the Big Government shutdown America desperately needs to balance its budget: http://www.prisonplanet.com/last-minute-budget-deal-narrowly-avoids-the-big-government-shutdown-america-desperately-needs-to-balance-its-budget.html

[3] The Budget Deal Turns Out To Be A Gigantic Fraud: http://www.prisonplanet.com/the-budget-deal-turns-out-to-be-a-gigantic-fraud.html

[4] Europe Fails Again, This Time To Get Budget Deal Done: http://www.prisonplanet.com/europe-fails-again-this-time-to-get-budget-deal-done.html

[5] Shutdown Looms as Talks on Stopgap Budget Fail: http://www.prisonplanet.com/shutdown-looms-as-talks-on-stopgap-budget-fail.html

[6] Kerry: World powers agree to nuclear deal, but Iran ‘walked away’: http://www.prisonplanet.com/kerry-world-powers-agree-to-nuclear-deal-but-iran-walked-away.html

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