policy.asbmb.org
Moving on from last night’s budget agreement
The budget deal announced last night by Sen. Patty Murray, D-Wash., and Rep. Paul Ryan, R-Wisc., is already drawing praise and skepticism. The deal raises federal spending from the fiscal 2013 level of $986 billion to about $1.012 trillion for FY14 and FY15. The increased spending is funded by raising fees and requiring federal workers to contribute more money to their pensions. Overall, the Ryan-Murray agreement will amount to roughly $23 billion in deficit reduction. The ASBMB released a statement…