The Senate rejected competing sequestration alternatives today, meaning that it will take effect tomorrow. President Obama is meeting with congressional leaders Friday, but no quick breakthrough is expected.
Meanwhile, the next deadline is March 27, when the stopgap measure funding the federal government expires and a new agreement will be required to prevent a government shutdown. Replacing or changing the sequester will likely factor in those talks. And there are plenty more fiscal speed bumps ahead.
- Two Years of Progress, but Still Work to Do 07/17/2014
- CRFB Paper, BPC Panels Agree Budget Act Needs a Tune-Up 07/16/2014
- CBO Looks at the Long Term 07/15/2014
- How the National Debt Affects You 07/10/2014
- Low on Time, Stakes are High 07/08/2014