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U.S. Budget Deal: A Needed Step

by Renewing America Staff
December 11, 2013


While the new budget deal isn’t a grand bargain, it is a necessary first step, writes CFR’s Robert Kahn on his blog “Macro and Markets.” The deal won’t dramatically reshape spending over the next two years, but it will restore a sense of sanity to U.S. fiscal policy. Additionally, Democrats and Republicans both crossed former red lines, giving a sense of where the budget debate may head in the coming year.

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