Congress Said to Delay Automatic Budget Cuts Until March

[Purveyor]

Republican and Democratic congressional leaders are weighing whether to delay automatic federal spending cuts until March 2013, according to a House aide and industry officials who were briefed on the discussions.

The $1.2 trillion in automatic spending cuts over a decade, half of which would affect the Defense Department, are scheduled to begin in January 2013. At the same time, lawmakers must decide what to do about income tax cuts and other tax breaks scheduled to expire at the end of the year.

Leaders in both chambers are discussing whether to propose a catch-all bill that would delay the automatic cuts, fund the government through March or later and temporarily extend the George W. Bush-era tax cuts and other tax laws, said the House aide and industry officials, who asked to speak on condition of anonymity.

“It is being seriously considered as one of the options and there is no doubt about that,” Steve Bell, the senior director of the Economic Policy Project at the Bipartisan Policy Center, said in an interview.

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http://www.bloomberg.com/news/2012-06-25/congress-said-to-delay-automatic-budget-cuts-until-march.html

[Warren Stupidity]

1. This is likely the only thing besides war funding they will agree on.

[Angry Dragon]

2. What a bunch of worthless people in Congress

They pass a bill and then find they can not live with it so they figure out ways to get around it.

[Shadowflash]

3. Here we go again!

'and temporarily extend the George W. Bush-era tax cuts'

But, rest assured, this will be the final, definite, for sure, last time these will be extended. At least until the next time it's close to expiring.

Congress is to beholden to ever let this lapse.