Debt Ceiling Vote Deadline Nears; House Labor, HHS A&B Bill Markup Postponed
With the early August U.S. debt ceiling vote deadline quickly approaching, the debate has intensified with several proposals released this week. Monday, Sen. Tom Coburn offered a $9T deficit reduction plan who with Sen. Joe Lieberman had also offered a Medicare restructuring plan in June. Tuesday headlines read that Sen. Coburn had rejoined the Gang of Six and supported a new version of a bipartisan $3.7T deficit reduction proposal that seemed to get early support from the Whitehouse. By Thursday afternoon, a so-called McConnell-Reid Plan B was reportedly losing steam as negotiators eyed a larger package. All the while, a House appropriations and budget subcommittee was expected to consider a FY2012 Labor, HHS appropriations bill next Tuesday, but has now postponed that markup until a later date to be announced. The subcommittee is expected to cut $18B out of the Labor, HHS appropriations bill alone. For perspective, the entire package of cuts for FY2011 totaled around $30B-$40B.
Posted on Thu, July 21, 2011
by Patricia Christensen