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President signs budget deal, hopes 'spirit of cooperation' continues in 2014

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President Barack Obama put his signature to a bipartisan budget deal today, according to media reports.

The announcement on Twitter, from the AssociatedPress, reads:

"BREAKING: President Barack Obama signs bipartisan budget bill that eases spending cuts over 2 years."

Now celebrating the holidays with family in Hawaii, the vacationing leader publicly lauds Congressional leaders for finding common ground.

"I thank Democratic and Republican leaders from the House and Senate who have worked hard to get this budget done," the President stated recently, according to a transcript from WhiteHouse.gov, on the budget deal.

Obama added:

"And I hope this spirit of cooperation will continue into the New Year as we work to restore opportunity and broad-based growth for every American."

In a story from the WashingtonPost, however, it is stated:

"Although the budget deal falls short of the grand bargain that Obama and congressional Republicans once aspired to, it ends the cycle of fiscal brinkmanship — for now — by preventing another shutdown for nearly two more years."

The bill signing, according to the Post, follows other difficult 2013 events. Mentioned as such are:

  • a partial government shutdown,
  • the near-default by the Treasury,
  • a calamitous health care rollout
  • and near-perpetual congressional gridlock.

The BBC is reporting that congress has until Jnuary 15 to pass the $1.012 trillion fiscal spending bill for 2014, and quotes Senator Carl Levin:

"This is a budget. A budget could be amended next year. Nothing is written in stone around here."

Members of both parties, according to the BBC, are not happy with the bill's "provision to cut inflation increases to pensions for military retirees under the age of 62."

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