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
Add to Briefcase
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.


Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.