Sen. Patty Murray said Monday that she would continue the fiscal debate into 2013 rather than lock in a long-term deal this year that throws middle-class families under the bus.
House Armed Services Chairman Buck McKeon (R-Calif.) recently warned that the defense cuts would result in the loss of 1 million jobs, citing a National Association of Manufacturers study that analyzes the economic effect of the cuts down the supply chain.
Democrats are exploiting the pending deadlines — which they acknowledge could hurt the economy if fully implemented — even though they decried the tactic during the debt ceiling fight.
And while Boehner always maintained that the House would eventually raise the debt ceiling, Democrats are discussing actually going over the “fiscal cliff.”
A Democratic aide said the scenario was set up “by design.”
“We composed a [sequester] deal that we might have to live with a year from when it was devised” given the fact that all previous attempts to compromise on a deficit reduction package that included tax increases and spending cuts had failed to that point, the aide said.
Correction, July 17 An earlier version of this story misstated the nature of the sequester vote the House will take this week. The chamber will vote on a measure that would require the president to prepare a report on the effect of the sequester.
From left, Rep. Christopher H. Smith, R-N.J., David Goldman, the father of a child who was abducted to Brazil by the mother, and Arvind Chawdra, a father whose two children were abducted to India by their mother, attend a news conference in the Rayburn House Office Building on international child abduction.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.