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Lawmakers are already bracing for the next budget battle after the sequester -- -- congressional correspondent Mike Emanuel tells us we are already counting down to another possible government -- While much of Washington is focused on the march 1 sequestration -- it won't be long until there's another fiscal fight over the continuing resolution funding the government.
Which expires march 27.
After that there's the debt ceiling which was extended until May nineteen and you get the picture fiscal matters will be dominated much of this year.
We've overspend our budget -- trillion dollars every year now five years in a row.
You cannot continue to do that at some point you have to -- some fiscal controls.
Discussions are underway between house Republican and senate democratic leadership on a continuing resolution or CR to fund the government until late September.
And congressman Mike for to the House Budget Committee says the outcome of the sequester will have an impact.
The sequestration brings the number down and discretionary spending and in the Sierra continues out that number -- well.
-- to say OK the next six months we've got to be able to honor this number and on our long term spending but don't.
Pretzel push for funding at the current one point 043 trillion dollar level rather than allowing spending to dip as low as 970.
A former aide to senate majority leader Harry Reid says the argument over government finances will only go so far.
A couple weeks ago I would have told you that I thought that we -- -- suffer short term government shut down of a temporary nature once and possibly twice.
I think that the most likely.
Outcome is for congress to once again that kicked the can down the road on the so called continuing resolution or CR.
While keeping most if not all of this sequester cuts in place.
Once that spending hurdle is cleared it won't be long before Washington bumps into the debt ceiling again which in August 2011.
Led to the creation of the upcoming sequester cuts.
And facing the range of fiscal issues the White House continues calling for more tax revenue.
There is no question that we need to reduce our deficit further the president has put forward plans again and again.
Did it achieve that global.
And his plans have routinely always consistently.
Put included balance.
The GOP views of course the president has gotten his tax increase in the focus on these upcoming matter should be on cutting spending.
If sequestration -- impact turns out to be overblown.
Many Republicans believe they'll give them leverage in these next fights right.
The last few months like may allow on the hill Mike that.
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