Biden Focuses on Pensions, Agriculture in Debt-Cut Talks
This article is for subscribers only.
Vice President Joe Biden’s debt-reduction group is focusing on possible spending cuts for military and federal workers’ pensions and programs including agriculture, said lawmakers of both parties involved in the talks.
House Majority Leader Eric Cantor, a Republican, and Democratic Representative Chris Van Hollen said mandatory spending on non-health-care programs was on today’s agenda. Such programs account for about 12 percent of the federal budget, underscoring the difficulty of cutting trillions of dollars over the next 10 years.