It may take a big­ger gav­el for House Bud­get Com­mit­tee Chair­man Paul Ryan (R‑WI) and his Sen­ate coun­ter­part Pat­ty Mur­ray (D‑WA) to ham­mer out a bud­get agree­ment. (Cred­it: Swamp­land Times)

Bud­get nego­tia­tors have strug­gled for near­ly two months to find agree­ment on the out­lines of a spend­ing bill that would fund the gov­ern­ment after Jan­u­ary 15.  The tar­get date for a deal is next Fri­day. They hope to meet it.

The agree­ment that con­tin­ues to elude them, if it comes at all, would be a small one. Gone are aspi­ra­tions for a “grand bar­gain” that would reform enti­tle­ments and the tax code and replace future across-the-board cuts with some­thing less mind­less. Changes to Medicare, Med­ic­aid, Social Secu­ri­ty and oth­er “manda­to­ry” spend­ing pro­grams, which togeth­er con­sti­tute 63 per­cent of non-inter­est gov­ern­ment spend­ing, are off the table.  So, too, are tax­es. Con­tin­ue read­ing →