House Budget Committee head Representative Paul Ryan is in talks with Senator Patty Murray to finalize a small-scale budget agreement intended to lessen automatic spending decreases for 2014, Federal News Radio reported Tuesday.
Charles Babington writes the Senate and House of Representatives aim to avoid another government shutdown with a plan to restore some automatic spending cuts with the use of deficit savings.
Congress intends to split $91 billion for operating budgets of domestic agencies and the Pentagon but has not released additional details on the deal, the report said.
Sequestration requires an annual spending cut of $109 billion until the 2021 fiscal year, Federal News Radio reports.
Babington writes approximately $90 billion of the cuts will come from agency budgets and some from mandatory programs such as Medicare reimbursement’s two-percent cut to medical providers.