Budget Talks Target One Year Deal as Lawmakers Protest
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U.S. budget negotiators plan to work this weekend from a shrinking menu of options to ease automatic spending cuts for as little as one year amid objections from some groups and lawmakers, said people familiar with the talks.
A potential compromise being crafted by the two leaders of a 29-member panel is drawing protests from Democrats and also from groups including federal employees, who could contribute more to their pensions under the proposal, and airlines, which could face higher fees. Some Republicans are concerned that a bipartisan deal will replace spending cuts set in law with promises of future savings that might not be realized.