Senate Budget Goes to House
The Senate has sent its 2014 budget resolution to the House for consideration. This step was needed before the House could move to convene a conference committee to reconcile its budget with the Senate version.
The two measures are very different - and it's unclear if the House GOPA will even move to create a conference. The House budget cuts spending by 4.6-trillion dollars over 10 years in order to balance and includes large tax cuts. The Senate budget doesn't balance and contains nearly a trillion dollars in tax increases focused on the wealthy.
Automatic spending cuts are turned off over nine years - replaced with different mandatory and discretionary cuts. Aides say Senate Majority Leader Harry Reid could move as early as this week to create a conference committee.
He has been waiting for Senate Budget Chair Patty Murray and House Budget Chair Paul Ryan to negotiate the parameters of a conference. Before a conference is convened - aides say Ryan wants a framework agreement to ensure the conference can accomplish something.
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