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Deeper divide shown as Schatz, Hanabusa split on budget deal

By Derrick DePledge

POSTED: 01:30 a.m. HST, Jan 26, 2014

President Barack Obama described the bipartisan budget deal that Congress reached in December as a compromise, "a good sign that Democrats and Republicans in Congress were able to come together and break the cycle of short-sighted, crisis-driven decision-making to get this done." The two-year agreement set annual federal spending levels at about $1 trillion and averted the potential for another federal government shutdown. The deal provided about $63 billion in relief from automatic cuts to federal spending due to sequestration, offered $85 billion in savings, and produces $23 billion in net deficit reduction.

President Barack Obama described the bipartisan budget deal that Congress reached in December as a compromise, "a good sign that Democrats and Republicans in Congress were able to come together and break the cycle of short-sighted, crisis-driven decision-making to get this done."

The two-year agreement set annual federal spending levels at about $1 trillion and averted the potential for another federal government shutdown. The deal provided about $63 billion in relief from automatic cuts to federal spending due to sequestration, offered $85 billion in savings, and produces $23 billion in net deficit reduction. Login for more...



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