By Jeanne Sahadi | CNNMoney.com
What those negotiations — to be led by Senate Budget Chairman Patty Murray and House Budget Chairman Paul Ryan — can accomplish was not at all clear on Thursday.
Expectations for any large, long-range deal are decidedly low among budget experts and seasoned political analysts. And they’re not wildly optimistic that lawmakers will successfully deal with shorter-term budget decisions either.
“Because the deal does not address any of the underlying policy differences between the two parties, Washington will simply barrel toward a new set of deadlines no better prepared for compromise than it was this time around,” said Sean West, U.S. policy director for the Eurasia Group.
- Congress Votes to End Fiscal Impasse as Obama Set to Sign (bloomberg.com)
- Congress to vote as US leaders agree budget deal (thetimes.co.uk)