Skip to main content

Here's what Politcal is reporting as the deal.

Like it or not, here's what they say.

The plan under consideration would require larger bicameral budget negotiations to conclude by Dec. 13, sources said. Republicans would win a provision to force Kathleen Sebelius, the Health and Human Services secretary, to certify that individuals receiving Obamacare subsidies meet the required income levels. The department’s inspector general would later have to conduct an audit on the matter.
Democrats would win a labor union priority to delay for one year an Obamacare reinsurance tax, which was supposed to be levied against most insurance plans to help spread the risk for insurers who take on the sickest patients next year. Delaying the fee — $63 per person covered by an insurance plan per year — could amount to a significant boon to unions.
Doesn't look like any replacement revenue, which could lead to underfunding of Obamacare.
Under the plan, the government would be funded at $986 billion until Jan. 15, the same day that a $21 billion across-the-board sequestration cut is slated to take place. Indeed, by aligning the government funding fight with the date that the next sequester is supposed to hit, it all but ensures a heated fight over whether to continue the unpopular cuts in the new year. Doing so would lower 2014 funding levels to $967 billion, a level far too low for many Democrats.

The plan would give the Treasury Department the ability to use “extraordinary measures” to effectively delay a potential default if the debt ceiling isn’t raised by Feb. 7, sources say. And by extending the debt ceiling until the beginning of next year, it would put the issue in the center of the heated 2014 midterm elections.

I'm still trying to figure out what the Democrats are getting out of this deal.

So, whatta ya think?

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site