No more budget crises under Obama - Deal reached to fund US govt through March 2017
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[url]http://www.bbc.co.uk/news/business-34646935[/url]
[quote]Republicans in the US Congress have reached a compromise budget deal with the White House to avert the prospect of a renewed government shutdown.
If passed by both houses, the two-year deal will increase spending by $80bn (£52.1bn).
It will also be the last budget deal reached by President Barack Obama, lasting until March 2017.[/quote]
Dammit. There goes all the fun this year.
[QUOTE=Source Article]The deal is the last to be reached by House Speaker John Boehner before he retires from Congress. He is expected to hand the reins of Speaker to Rep. Paul Ryan on Thursday and retire on Friday.
On Tuesday, Mr Ryan criticised Mr Boehner and President Obama for reaching the terms behind closed doors, saying the "process stinks".
Mr Ryan said he was reserving judgement on the agreement because he had not yet reviewed it. But he added, "this was not the way to do the people's business and under new management we are not going to do it this way".[/QUOTE]
More of the typical political flap from good old Paul Ryan. Boehner's response (from [URL="http://www.cnbc.com/2015/10/27/rep-ryan-reserves-judgment-on-us-budget-deal-says-process-stinks.html"]CNBC[/URL]):
[QUOTE]Speaker Boehner said he agreed with Ryan's assessment that the process under which a two-year budget deal was negotiated "stinks" but the alternative was a "clean" increase in the debt ceiling or a default on federal obligations.
Boehner told reporters after presenting the deal to House Republicans that there was no reason that any of them should vote against the deal, as it sets spending levels for two years and contains the first reforms to Social Security in 32 years.[/QUOTE]
The Speaker has nothing but respect for the Chairman as evident by his attitude in the weeks since his announcement. I speculate Boehner vouched for this exact kind of spending deal to give Ryan and the Ways & Means committee (where Ryan undoubtedly has monumental influence even outside his role as Chairman) room to operate once the torch is passed. Paul Ryan appears to be taking this unnecessarily aggressive stance to gain votes from outside his expected support base. Barring that, he's just being bitter because he doesn't really understand what's ahead of him. Maybe he's planning something?
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