Home / News / Rep. Tom Cole: Senate, House Negotiators Work on 2-Year Spending Plan

Rep. Tom Cole: Senate, House Negotiators Work on 2-Year Spending Plan

Capitol_BuildingRep. Tom Cole, R-Okla., said Wednesday that budget leaders are attempting to finalize a two-year deal that seeks to prevent another congressional standoff that could trigger a federal shutdown, Reuters reported Wednesday.

Cole told Reuters in an interview the bipartisan plan would chop sequester cuts for the next two fiscal years, according to a report by Richard Cowan and David Lawder.

“It’s likely to be a pretty small deal, something that trades some relatively modest savings and perhaps some small entitlement reforms and maybe a little dab of revenue somehow,” Cole added, according to the article.

He noted the deal calls for easing sequestration with revenues through non-tax user fees or communications spectrum auctions, Reuters reports.

Cowan and Lawder write Senate and House negotiators must reach an agreement by Dec. 13 in order for Congress to act before the continuing resolution funding the government runs out on Jan. 15.

Check Also

Jeffrey Byard to be Nominated FEMA Administrator

President Trump intends to nominate Jeffrey Byard, associate administrator for response and recovery at the Federal Emergency Management Agency, as administrator of FEMA within the Department of Homeland Security. Previously, he worked as an executive operations officer and mitigation division planner at the Alabama Emergency Management Agency and led evacuation efforts for the state during Hurricane Gustav, the White House said Friday.

Leave a Reply

Your email address will not be published. Required fields are marked *