FUN FACT – The last actual federal budget passed into law was signed September of 2007, for fiscal year 2008, by George W. Bush. Not a single day of President Obama’s presidency has included any federal budgetary restrictions. Not.One.Day.
Sen. Jack Reed, D-R.I., indicated that Senate Democrats would renege on their promise to pass the first budget in four years if Republicans did not agree to raise taxes in order to avert the automatic spending cuts mandated by sequestration.
“Senator Murray is working on a budget right now and we hope we can get that done,” Reed said on CNN, referring to Senate Budget Committee chairman Patty Murray, D-Wash. “But we need time. So the sequestration will prevent — preempt us from getting a budget done and other factors.”