Budget Deal Lauded by Lawmakers Belies U.S. Fiscal Rigors
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Members of Congress are congratulating themselves on a budget accord set to win final passage this week. Business leaders aren’t celebrating, saying the deal leaves too much unfinished business.
The budget plan doesn’t extend unemployment insurance for the chronically jobless. It doesn’t continue more than 50 tax breaks that will lapse on Dec. 31 including the research and development tax credit used by companies such as Intel Corp.