Congress Will Face Slew of Budget Issues After Recess

When Congress returns from its August recess, it will have to deal with some complex budget-related issues, including a Fiscal Year 2014 budget compromise, sequestration and raising the debt limit. A receding deficit is unlikely to make negotiations any easier. Amid the high-stakes budget issues there may be an effort to enact tax reform. A detailed update and look at what’s at stake.