Congress is n't even in session this week , and lawmakers and aides from both parties say they do n't expect anything to pass anytime soon . Congress is unlikely to act before automatic spending cuts kick in March 1 . The House passed a bill last week that would cut $61 billion from the federal budget over 10 years and raise taxes on wealthier Americans by about $1.5 trillion. Democrats and Republicans are blaming each other instead of working on alternatives .
Congress is unlikely to act before automatic spending cuts kick in March 1 . The House passed a bill last week that would cut $61 billion from the federal budget over 10 years and raise taxes on wealthier Americans by about $1.5 trillion. Democrats and Republicans are blaming each other instead of working on alternatives .