• $33 billion in cuts in the latest, tentative budget proposal source

• » Still not a sure thing: Joe Biden, who has been negotiating a budget with the Republicans, says that he and Republicans are now “working off the same number” in their talks. However, John Boehner’s spokesman made it clear that “there is no deal until everything is settled.” If this budget passes, the cuts will fall drastically short of the $100 billion Republicans pledged to cut during last November’s elections. If it doesn’t, a government shutdown will become a near-certainty.

Posted by Seth Millstein • Permalink