National Journal: White House Reviewing Terms Of Budget Deal

According to the National Journal, there is a deal that is now being reviewed by the White House.

While leadership staff insist there is no deal yet, that caution belies significant progress in narrowing long-standing differences and the widening assumption in both parties that a shutdown will be averted and all that remains unknown is the precise procedural steps that will walk everyone back from the abyss.

Numerous GOP and Democratic sources on and off Capitol Hill tell National Journal that the outline of the deal is as follows: up to $39 billion in cuts from the 2010 budget, $514 billion in spending for the defense budget covering the remainder of this fiscal year, a GOP agreement to abandon controversial policy riders dealing with Planned Parenthood and the EPA, and an agreement to pass a “bridge” continuing resolution late Friday night to keep the government operating while the deal is written in bill form…

The proposal under review could form the basis of an agreement on a six-month continuing resolution that averts a government shutdown of longer than a few days. The prospective measure would cut spending by about $39 billion from current levels, two aides said. It would not include a ban on federal funding for Planned Parenthood, but part of the arrangement would likely be an unspecified and symbolic procedural step intended to give Boehner and conservatives political cover on the issue, the aides said. Democrats appear to have accepted an increased level of cuts in exchange for the GOP dropping the rider.

By: Alan

Alan Colmes is the publisher of Liberaland.