Treasury
Secretary Tim Geithner held a series of face-to-face meetings today on
Capitol Hill to further negotiations on a budget agreement. Secretary
Geithner is the lead negotiator for President Obama. He was accompanied
to the Hill by Rob Nabors, White House chief legislative liaison. They
met with Congressional leaders from both parties and from both the
Senate and the House. It was reported that many substantive issues were
discussed but no breakthroughs occurred. The two sides remain far apart
on taxes, spending cuts and how and to what extent entitlement programs
will be effected.
Staff
level talks are expected to continue over the coming days. There is a
concerted effort to arrive at an agreement before Christmas. If no
agreement is reached by the first of the year, a number of changes in
fiscal policy will take place including the expiration of tax cuts
enacted under President George W. Bush as well as spending cuts to both
domestic and defense programs.
The cuts, known as sequestration, affect
child welfare funding streams including the Promoting Safe and Stable
Families Program and Child Welfare Services under Title IV-B of the
Social Security Act, as well as other critical low-income support
programs such as the Child Care Development Block Grant, Head Start, and
the Social Services Block Grant.
CWLA is circulating a petition
to President Obama and Speaker Boehner not to balance the budget on the
backs of vulnerable children and families and posted more information
on the budget negotiations here.
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