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The budget deal announced Tuesday by Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) would boost federal spending by around $65 billion over the next two years. This new spending is offset by increasing user fees, boosting pension contributions by federal employees and the military, and other minor changes. Ryan and Murray also say that the deal will reduce the deficit by $23 billion over the next 10 years. This reduction, however, doesn't start until 2022. According to a 4-page summary document of the deal obtained by Breitbart News, "[t]he budget proposal saves $28 billion over ten years by...

Add the Senate’s top Republican to the list of those who will oppose the new budget deal, which conservatives are blasting for blowing through the mandated spending caps on government spending next year. Senate Minority Leader Mitch McConnell will vote against the deal brokered by Republican Rep. Paul Ryan and Democratic Sen. Patty Murray, a knowledgeable source close to the Kentucky Republican told The Daily Caller on Wednesday.

The basics:—Brokered by Rep. Paul Ryan and Sen. Patty Murray, it’s an attempt to get back to some kind of normal order budget process—Two-year deal, would avert government shut-down Jan. 15 but not deal with debt limit—Spares $63 billion in sequestration cuts scheduled for January —Allows overall projected spending to go up from $967 billion to a little over $1 trillion—$85 billion of total savings—$23 billion in net deficit reductionThe “sequestration relief,” which America is not clamoring for is brought to you by raising “fees,” which is pretty much just another word for taxes: But higher fees would generate as...

UPDATE: Rep. Paul Ryan and Sen. Patty Murray unveiled a budget proposal Tuesday night. The proposal, which has yet to be voted on, busts through sequester caps, setting FY 2014 spending at $1.014 trillion — billions beyond the levels mandated by sequester. The proposal contains no mention of pension reform.Conservatives had better start paying attention to the budget battle raging in Washington: If things go south — and they are poised to do just that — the tea party’s single greatest policy victory, the sequester, could be destroyed. And worse yet, it could be destroyed in exchange for nothing.The sequester...

Congressional budget negotiators have reached a two-year agreement aimed at avoiding a government shutdown on Jan. 15 and setting federal government spending levels through Oct. 1, 2015. Democratic Senator Patty Murray and Representative Paul Ryan scheduled a news conference for 6 p.m. EST to announce the details of the deal they worked out. … As details of a budget deal trickled out of Washington on Tuesday, conservative groups prepared to oppose any agreement that would alter the automatic spending cuts from the 2011 deal. Republican and Democratic negotiators’ budget agreement would stop as much as $65 billion in sequestration cuts...