Congress tacks toward partial fix of fiscal cliff

AP file photo

Lawmakers suggest a partial fix, not a sweeping deal, is likely to address expiring tax cuts and automatic budget cuts--the so-called fiscal cliff, National Journal Daily reports.

Billy House and Dan Friedman explain.

Leading lawmakers have no intention of letting the sequester happen or all of the tax cuts expire. Nor will Congress vote to punt those events entirely, even for a few months, congressional aides said. Instead, congressional leaders are discussing a plan to make a down payment of targeted cuts worth about half of the $110 billion in sequestration cuts set to hit in January, while establishing a framework for additional cuts.

Ideas of Congress taking bold legislative steps during the postelection lame-duck session have given way to talk of temporary fixes and handing over these longer-term policy implications to the next Congress.

"It will be very difficult to put together a comprehensive plan in just six weeks," House Budget Committee ranking member Chris Van Hollen, D-Md., said in an interview. "Everyone's going to have to scramble" to find resolution, Van Hollen said.

National Journal subscribers can read more here.

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

When you download a report, your information may be shared with the underwriters of that document.