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"Senate Budget Committee Chairman Patty Murray, D-Wash., released a budget proposal today that provides for “deficit neutral” reserve funds to replace the sequester, write a new farm bill and make investments in water infrastructure. Details of how this system of reserve funds would work were unclear. But in an opening statement at a committee meeting today, Murray emphasized that the proposal would replace sequestration with deficit reduction, and include a $100 billion “economic recovery protection plan to put workers back on the job repairing our nation’s priority deteriorating infrastructure, and fixing crumbling schools and installing critical educational technology, like broadband, that our students need to succeed.” The bill calls for $975 billion in spending cuts over 10 years and $975 billion in increased government revenues. Murray did not mention farm or nutrition programs in her comments. The Senate is likely to approve the budget, but it is so different from the budget proposal of House Budget Committee Chairman Paul Ryan, R-Wis., that it is unlikely Congress will pass a joint budget resolution."

Posted March 13th, 2013