The Budget: Congress, Clinton, And Compromise

—- NPR's Elizabeth Arnold reports that Congress and the Clinton administration appear to have reached a compromise agreement to balance the federal budget by the year 2002. Last night, final details were being negotiated. The deal is said to include a capital gains tax cut, a break in the estate tax, 115 billion dollars in savings from Medicare, and annual declining deficits. It also is said to include 60 billion dollars in new spending. The reaction from Congressional Republicans is generally more positive than from Democrats, some of whom are angry with President Clinton.



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