Sequestration Threatens To Slash Billions From Budget | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

Sequestration Threatens To Slash Billions From Budget

Play associated audio

Partisan wrangling over raising the nation’s debt ceiling not only led to the U.S. credit rating being downgraded, it also set up sequestration: a mechanism to cut hundreds of billions of dollars from the federal budget if lawmakers don’t hammer out a deal.

A part of the reason it failed was because rank and file Republicans didn't want to entertain tax increases as a part of a compromise. Now Sen. Mark Warner, D-Va., is meeting with a bipartisan group of senators to hash out a deal to delay the cuts.

"We need to avoid sequestration, but it needs to be paid for," says Warner. "I can't believe some people would want to just kick the can and say, we're done, we'll just deal with it in the future.' We need to start out with a two-step process that generates some additional revenue, starts us on the path to entitlement reform and does some of the cuts."

Warner is hosting the bipartisan group of senators next week as his negotiations continue. If they fail, contractors in the region fear they'll have to lay off hundreds and possibly thousands of employees.

Warner and the others aren’t disclosing where the retreat will be located, and they’re not expected to unveil any product until after this year’s elections.

NPR

What's A Writer Gotta Do To Get A Little Health Care Around Here?

When you're making plans to become a famous author, just remember that you're going to want health care — especially when 40 rolls around and your body is no longer made of rubber.
NPR

When Zero Doesn't Mean Zero: Trans Fats Linger In Food

One in 10 packaged foods still contains trans fats, according to a new study. The problematic oils give foods a rich taste and texture and extend shelf life, but have been linked to heart disease.
WAMU 88.5

Testimony Wraps In McDonnell Trial, Closing Arguments Expected Friday

Leaving the courthouse this afternoon, the former Virginia governor said he was confident in his legal team's defense: "We've got three of the best law firms in the country that are working on this case."
NPR

New Amazon Series Pilots Fall Short Of A TV Revolution

NPR TV critic Eric Deggans ranks Amazon's new batch of five series pilots, asking why none of them seem break the rules of TV quite enough to draw attention.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.