Thu, Dec 12, 2013 - Page 7 News List

US reaches bipartisan deal on budget

BABY STEPS:Although the agreement was a modest one and does not address the main drivers of federal spending, it was lauded by Barack Obama as a ‘good first step’


The deal calls for newly hired federal workers to make contribute more to their pensions, as well as hiking a federal airport security fee. The annual increase in military retirement benefits for those under 62 would slow and more savings would come from extending an existing 2 percent cut in payments to providers who treat Medicare patients.

Conservative groups have attacked the proposal as a betrayal of a hard-won 2011 agreement that reduced government spending.

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