Here’s What’s In the Budget Deal

The top line: $1.012 trillion.

A close-up photo showing of the front of various US bank notes is seen December 7, 2010 in Washington, DC.
National Journal
Sarah Mimms and Matt Berman
Dec. 10, 2013, 1:23 p.m.

Here’s something dif­fer­ent: Con­gress has ac­tu­ally come to a bi­par­tis­an budget agree­ment. The budget team’s lead­ers, Sen. Patty Mur­ray, D-Wash., and Rep. Paul Ry­an, R-Wisc., an­nounced the deal Tues­day night.

Here are the big num­bers you need to know, from a Sen­ate Demo­crat­ic aide:

  • It’s a $1.012 tril­lion budget for fisc­al year 2014.
  • $85 bil­lion in total sav­ings over ten years.
  • $63 bil­lion in se­quester re­lief over two years, split evenly between de­fense and non-de­fense budgets.
  • $23 bil­lion in net de­fi­cit re­duc­tion over ten years.
  • Does not in­clude un­em­ploy­ment in­sur­ance ex­ten­sion. In­cludes fed­er­al em­ploy­ee pen­sion pay-ins.

Cor­rec­tion: A pre­vi­ous ver­sion of this story mis­stated the status of the pen­sion pay-ins.

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