This was Boehner’s last Hurrah as the House Speaker and member. Boehner and Senate Leader McConnell huddled to try to get a Budget passed. Here’s what they had to deal with:
From the NYTimes: Budget Deal Isn’t Boehner’s ‘Grand Bargain’ but Gets Job Done
The agreement, negotiated in secret by top congressional and White House aides, is a recognition by Mr. Boehner and Senator Mitch McConnell of Kentucky, the majority leader, that they were staring into a fiscal and political abyss.
With just days remaining before the Treasury Department estimated it would run short of cash to pay the federal government’s obligations, the two leaders of the House and Senate majorities had no clear path toward raising the federal debt limit. Many House Republicans and some in the Senate refuse to vote for any increase in federal borrowing power no matter the dire circumstances. Support for a debt-limit increase has become a sure ticket to a primary challenge from the right for many of them.
But Mr. McConnell has repeatedly promised no default. And he and Mr. Boehner, with their ties to high-ranking allies in the business and financial worlds, knew that failure to head off a threat to the government’s creditworthiness could boomerang badly on Republicans just one year from Election Day.
So the Right Wing of the Republican Party was fighting this deal the whole time. But the Very Right Wing was going against the Business and Financial “world” so McConnell and Boehner knew that this RW thinking would hurt the Republican Party.
So what’s in the Budget? Lets take a look….
From Yahoo News: White House, Congress reach tentative budget deal
Under the plan, the higher borrowing authority would be in effect until March 2017.
In addition, 58 million barrels of oil from U.S. emergency reserves held at the Strategic Petroleum Reserve would be sold over six years, starting in fiscal 2018, to help pay for the additional spending over two years, according to a copy of the bill posted to a congressional website.
If successful, the agreement would mark a final act for Boehner to clear some politically divisive legislation as Ryan takes over as speaker – assuming the Wisconsin lawmaker gets a majority of the House votes in an election set for Thursday that would win him the top job.
Central to the pact is the easing of across-the-board budget caps which would allow an additional $80 billion in spending over two years, split evenly between military and domestic programs. About $50 billion in added spending would come in fiscal 2016, which started on Oct. 1, and $30 billion would be added to the fiscal 2017 budget.
“The bipartisan budget package unveiled last night represents real progress for hard-working families across the country,” House Democratic leader Nancy Pelosi said in a statement.
Boehner said he was “clearing the deck” before Ryan takes over but here’s what Ryan had to say about it from the above linked article:
Republican Representative Paul Ryan, who is expected to be elected to the top House job of speaker on Thursday, replacing the retiring Boehner, told reporters he was reserving judgment on the agreement until he reviewed its details.
And in a nod to rebellious fellow Republicans who are clamoring for changes in the way the Republican-controlled House is run, Ryan added, “I think this process stinks,” hinting that “under new management” work will get done well before deadlines.
What do you think?