Budget deal gets done

Government shutdown is averted, but no one comes off looking very good. The agreement calls for about $39 billion in spending cuts over the remainder of the fiscal year. From the NYT:

Democratic officials said Republicans agreed to drop their demands that funding be stripped from groups that provide abortions. And Democrats also succeeded in preventing Republican efforts to limit the Environmental Protection Agency's regulation of greenhouse gasses. In exchange, Republicans got a larger cut in overall government spending than Democrats had wanted. The Democrats agreed to increase the total amount to be cut in exchange for Republicans accepting cuts in Pentagon spending that had been in Mr. Obama's budget.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Letter from Down Under: Welcome to the Homogenocene
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'I Am Woman,' hear them roar
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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