CAP en Español
Small CAP Banner

Idea of the Day: Putting the Fiscal Debate in Context

  • print icon
  • SHARE:
  • Facebook icon
  • Twitter icon
  • Share on Google+
  • Email icon

idea light bulb

Congress is currently operating under a budget agreement that represents an enormous compromise for progressives. At the end of 2013, Senate Budget Committee Chairwoman Patty Murray (D-WA) and House Budget Committee Chairman Paul Ryan (R-WI) negotiated spending levels for fiscal years 2014 and 2015. That agreement cut spending below the levels agreed to in earlier budget compromises, which had already locked in drastic cuts.

The Murray-Ryan agreement limits discretionary spending to $1.014 trillion for FY 2015. That is better than allowing sequestration to continue, but it was a huge concession. The Murray-Ryan deal cut FY 2015 discretionary spending well below the pre-sequester levels Congress agreed to in the Budget Control Act, which was negotiated to end the debt limit standoff in 2011. The Murray-Ryan deal even cut spending by more than Rep. Ryan originally called for in the budget he wrote after Republicans took over the House of Representatives in the 2010 midterm elections.

For more on this topic, please see:

To speak with our experts on this topic, please contact:

Print: Allison Preiss (economy, education, poverty)
202.478.6331 or

Print: Tom Caiazza (foreign policy, health care, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or

Print: Elise Shulman (oceans)
202.796.9705 or

Print: Chelsea Kiene (women's issues, Legal Progress, Half in Ten Education Fund)
202.478.5328 or

Print: Tanya Arditi (immigration, Progress 2050, race issues, demographics)
202.741.6258 or

Spanish-language and ethnic media: Jennifer Molina
202.796.9706 or

TV: Rachel Rosen
202.483.2675 or

Radio: Chelsea Kiene
202.478.5328 or


This is part of a regular column: Idea of the Day

For more from the same column, click here