Congressional Leaders Band Together To Approve Stop-Gap Measures For Budget

 
The total savings in cuts over a 10-year period would be $1.2 trillion. Unless current tax laws are extended, those cuts will come into effect January 1, 2013. A vote is scheduled in September on a stop-gap measure that would fund the government until next March.
 
The agreement offers stability as Congress contemplates issues primarily affecting the middle class. Leaders made assurances that unrelated policy considerations would not be allowed to hinder passage as they have done previously.
 
Some criticized the stop-gap measure, saying making an agreement for a six-month time period is not a great achievement.

 

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