A leading congressional deficit hawk says a bipartisan budget agreement hammered out on Capitol Hill is mostly a patch-work approach that fails to address wasteful spending that is contributing to a ballooning federal debt.
The first year of automatic, across-the-board budget cuts didn't live up to the dire predictions from the Obama administration and others who warned of sweeping furloughs and big disruptions of government services. The second round just might.
Congress has passed legislation to reopen the partially-shuttered federal government and avert a potentially disastrous default on U.S. obligations, clearing the measure for President Barack Obama's promised signature.
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