Another government shutdown evaded with budget deal?

The United States Congressional budget committee reached to a budget agreement in Tuesday for reducing the federal deficit with $23 billion while not raising the taxes. If this is approved by the Congress, another shutdown scenario will be avoided as the government funding will run out on 15th of January 2014.

As you remember, the previous federal government shutdown of 2013 was from October 1st through 16th and is still unclear if IRS will delay the new tax-filling season with a week or two as previously predicted.


Paul Ryan, Chairman of the Congressional budget committee commented that the deal “cuts spending in a smarter way." It will also prevent budget clashes and possible shutdowns for the next two years. The Senate Budget Committee with Chairman Patty Murray said that "we have broken through the partisanship and the gridlock."


Before going to the White House for President Barack Obama's signature, the new budget agreement must be passed by the House of Representatives and the Senate. The voting should be carried by the end of this week.

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