Looks like there is a deal.

[Marston]

The Devil is in the details, people. I'll withhold judgement until some actual legislation is released. I don't even know if they'll have time to have the CBO score it before they pass it.

[Marston]

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[Marston]

It's actually a pretty interesting deal in outline.

Does anybody have any information about what the first $1 trillion in cuts will involve, beyond the military bases?  NPR story identifies cuts to the National Parks Service, the Labor Department, Housing and Urban Development, and a "hundred" other discretionary programs.

I think the appropriations process will determine what exactly gets cut. They just have to stay under the caps in the legislation. If they don't, then across-the-board sequestration will spread the pain evenly.

Also, the DoD's Base budget doesn't mean 'military bases' (although that's included). It is the total sum of the sub-budgets of 'Military Personnel', 'Procurement', 'Operations and Maintenance', etc.

[Marston]

Mike Lee said he's going to filibuster and Pelosi is still reportedly undecided.

[Marston]

Stop with the drama. The Act preserves the massive increases in discretionary spending from the last 2-3 years and is, relatively speaking, inconsequential budgetary-wise for the short-term.