sequestration

Emerging Budget Deal Keeps Senate Democrats Guessing

Reid gestures at a news conference with Senate Democratic leadership team. (Al Drago, CQ Roll Call file photo)

Senior Senate Democrats are optimistic that a sweeping fiscal pact soon could be finalized, but their concerns about the emerging plan show it’s not a done deal just yet.  

Congressional leaders are preparing to unveil a fiscal package that would raise the debt ceiling until March 2017, while also raising defense and domestic spending caps known colloquially as sequestration. The package also would address Medicare Part B by shielding millions of seniors from significant increases to their health insurance premiums and deductibles.  

Big Budget Deal Could Clean Out Boehner's Barn

McConnell, left, and Boehner are trying to work out a budget deal. (Bill Clark/CQ Roll Call File Photo)

Updated 3:26 p.m. | Speaker John A. Boehner's effort to "clean the barn" before leaving Congress is gaining momentum, with the four corners of congressional leadership and the White House hoping for a budget and debt limit deal.  

The Republican from Ohio does not want to leave a crisis behind for Ways and Means Chairman Paul D. Ryan, R-Wis., who is expected to be elected as the new speaker on Thursday.  

Tim Kaine: Sequestration, VA Hospital Top Concerns

(Tom Williams/CQ Roll Call)

RICHMOND, Va. — While Sen. Mark Warner round-tabled down the street on Tuesday with a group of gig-economy workers, Virginia’s junior senator, Democrat Tim Kaine, met with local black business leaders in Richmond on a five-day economic tour through the state.  

Talk primarily focused on federal contracting, which Kaine said later was consistent with the most common concern voiced by Virginia business interests: sequestration and the federal budget. Kaine predicted he’d hear sequester questions wherever he goes.