May 5th Edition

The Senate will soon pass the House-Senate “conference agreement” on the budget for fiscal year 2016 (which runs from October 1, 2015 to September 30, 2016). This is the final step in the budget resolution process that began with the House and Senate, respectively, passing separate budget resolutions; a conference committee meeting to hammer out a single compromise budget (the conference agreement); and the House passing this conference agreement. Among other things, the resolution shows the budget coming to balance after 10 years; does this mean that this will really happen?

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