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After months of wrangling and posturing, Congress passed and President Obama is expected to sign a budget bill that allows the U.S. to meet debt obligations by raising the debt ceiling. In exchange for lifting the debt ceiling, Congressional leaders agreed to a budget deal that aims to cut at least $2.1 and up to $2.4 trillion in federal government spending over the next ten years. The deal would accomplish these savings in a series of steps:
While this deal may be necessary to safeguard the economy and our country’s financial standing in the world, it doesn’t go far enough to protect children and families against painful cuts to critical programs. In addition, these cuts come at a particularly tough time, with millions unemployed and increasing numbers of children facing poverty.
We will continue to monitor the details to further see how these initial cuts impact kids and will continue to fight to ensure this new Joint Committee holds children harmless from painful cuts.
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