Consensus Forming for Lame Duck Deal To Delay Sequester Cuts
November 8, 2012
Lawmakers hear the clock ticking toward deep defense and domestic spending cuts, and senior members of both parties appear poised to pass a measure during a lame duck session that would add additional time to that clock.
Senior congressional Democrats and Republicans are talking openly about kicking down the road the date that would trigger separate $500 billion, 10-year cuts to planned defense and domestic spending.
Senate Budget Committee member Mark Warner, D-Va., said Nov. 8 that lawmakers hope to “make a down payment” during a coming session-ending lame duck period “to avoid sequestration.”
He was referring to a budgeting tactic to reduce nonexempt defense and domestic accounts on Jan. 2 short of a $1.2 trillion debt-paring bill or a measure that extends the sequester countdown clock.