Bipartisan Budget Deal Reached
December 11, 2013 - On behalf of the Association for Enterprise Opportunity (AEO) and its more than 450 members and partner network, we are pleased to see a bipartisan budget deal emerge that will restore order to the appropriations process and blunt the damaging effects of sequestration for the next two years. “It’s about time we stopped funding the government in three month stretches,” said Connie Evans, President and CEO. “This deal removes the threat of sequestration for two years, which had the potential to devastate funding for business assistance programs that microbusinesses depend on, and gives them some certainty about the future.”
Although modest in nature, the deal is significant because it sets us on the path toward our first on-time budget since 1997. The series of last minute, short-term deals that have come to characterize this Congress hinder economic growth.
For more information on the budget deal struck on December 10, 2013, please click here.
Both Houses of Congress must pass the deal, known as the Bipartisan Budget Act of 2013. Once enacted, the spotlight will shift to Congressional Appropriators who must determine spending for government agencies by January 15, 2014, when current government spending runs out.
We are relieved that this deal will give AEO’s members and the businesses they serve some certainty over government spending in the short term. In an effort to get America back to work, AEO will continue to urge the Congress and the President to work together to forge a long-term economic plan that strengthens the economic environment necessary for microbusinesses to thrive.