02 Aug Debt Ceiling Agreement Excludes Imaging Cuts

imagingBiz | Cuts to diagnostic imaging services are not included in the initial measures called for in the debt limit agreement approved yesterday by the U.S. House of Representatives and the U.S. Senate in a move to raise the debt ceiling and prevent the near-term possibility of a default by the U.S. on its fiscal obligations.

Under the agreement reached by the Senate Majority Leader Harry Reid (D-NV), Senate Minority Leader Mitch McConnell (R-KY), House Speaker John Boehner (R-OH), and the Obama Administration, the President is authorized to increase the debt limit up to $2.4 trillion by 2013 in a series of stages. The first stage of the bipartisan deal would cut nearly $1 trillion in spending over the next 10 years in exchange for raising the debt ceiling by an additional $900 billion. These spending decreases will be achieved primarily from reductions to federal government agency budgets and are consistent with Republican demands that spending reductions at least match any increase in the debt ceiling.

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