BLOOMBERG Lunch Money December 11, 2013
Deal and thiset one is on schedule. It is no grand bargain. It is not even a mediumsized bargain. It is a ceasefire. It means budget piece for the next two years. They do not tackle the big ticket items. No they do not. Taxes, not in there. What is in there . Federal spending is set at a trillion dollars. That will be controversial with republicans. It replaces 63 billion in sequester cuts with other savings. Reduces the deficit by 20 billion or more. No major Big Decisions on taxes or entitlements. How do they replace the sequester . A grab bag. Aviation security fee, federal no terry pension...