Military retirees will see a decrease in their pension plans if the bipartisan budget agreement is adopted, while civilian federal employees will be exempt.
National security hawks say the budget cuts outlined in Senate Budget Committee Chairwoman Patty Murray’s (D., Wash.) budget blueprint ignore spending recommendations from President Barack Obama’s top military brass and could “hollow out” defense.
Senate Democrats’ budget proposal is based on accounting gimmicks according to the top Republican on the Budget Committee, who claimed Thursday that it double-counts spending cuts and raises taxes by hundreds of billions of dollars more than advertised.
The author of Senate Democrats’ budget proposal has refused to release specifics on her legislation prior to a Budget Committee markup on Wednesday, a move Republicans say reveals the proposal’s unpopularity even among Democrats.
After weeks of careful deliberation, Roll Call reports that incoming Senate Budget Committee Chairwoman Patty Murray (D., Wash.) has directed committee staff to craft a budget this year.
House Republicans on Wednesday urged President Barack Obama to take the lead in negotiations over the so-called fiscal cliff, as talks appear to have broken down.