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PODCAST: The budget deal and the sequester

House Budget Committee Chairman Paul Ryan (R-WI) and Senate Budget Committee Chairman Patty Murray (D-WA) moments before announcing a bipartisan budget deal on December 10, 2013 in Washington, DC. They look pretty pleased with themselves. But is everyone happy? 

The House of Representatives has passed a budget agreement aimed at avoiding another government shutdown. How will it affect the sequestration? The nitty-gritty details won’t be known until Jan. 18, but Stan Collender, budget columnist and former staffer on the House and Senate budget committees, says the deal should ease about half of the scheduled budget cuts.

This story about 55 tax breaks about to expire starts in an unlikely place: Barn 63 at the Belmont Race Track in Belmont, N.Y., at the stall of a pretty brown horse with a white star on her forehead.

Yes it’s Friday the 13th, but it might just be somebody’s lucky day today. The Mega Millions lottery jackpot is now at $400 million dollars. Of course if you do win, you won’t get anywhere near that. 

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio
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