Hopes Grow for Budget Deal

“They’ve been written off as a doomed-to-fail duo: Rep. Paul Ryan and Sen. Patty Murray, the congressional budget leaders who are on an uphill quest to reach any kind of fiscal deal. But an agreement may not be so elusive after all,” Politico reports.

“Hopes are growing that Ryan and Murray could reach a narrow deal to replace a portion of the automatic spending cuts known as sequestration, according to lawmakers and senior aides involved in the discussions. The changing dynamics are the result of several factors: The fears among GOP defense hawks of deep Pentagon cuts in the new fiscal year; the desire of Republican leaders to avoid another disastrous shutdown fight; and the willingness of Democrats to consider other revenue raisers besides tax increases.”