February 11, 2013
Another Short Term Sequestration Fix?
Senate Democrats plan to announce a short-term sequester replacement bill this week aimed at combining alternative spending cuts and new tax revenue to avert $85 billion in automatic spending reductions scheduled to begin taking effect March 1st. Republicans, who adamantly oppose any use of tax revenue to replace the sequester, are not part of the broader discussions with democratic senators. It is possible that the Senate will consider the yet-to-be-released measure the week of February 25th, after next week’s Presidents Day recess.