House of Representatives: Democrat Patty Murray

Democrat Patty Murray: The move, immediately applauded by stock markets, reflected signs of expansion in the U.S. private sector and signs of a truce in the partisan warfare that has paralyzed federal fiscal policy for the last two years. , according to Winnipeg Free Press. The political truce in the U.S. Congress took shape when the budget committee chairwoman and chairman of the two houses -- Democrat Patty Murray for the Senate and Republican Paul Ryan for the House of Representatives -- agreed on the outline of a 2014 budget. They ducked the tough issue of chronic deficits, deferring to some future time the decisions that must eventually be made about spending cuts and tax increases that will slow the growth of U.S. national debt. But they did agree on levels of taxing and spending for one year, marking an improved level of political maturity and willingness to compromise in Washington. For the last two years, the two parties and the two houses have shut down the government rather than agree on a budget or a level of borrowing. The United States economy turned a corner this month when the Federal Reserve Board began to taper its quantitative easing. In response to improving job and output numbers, the central bank reduced the rate at which it will pump money into American banks. Canada, which has undergone slow job and output growth since the 2009 credit crunch, has not yet turned the corresponding corner. The acceleration of growth in the U.S., our largest trading partner, should, however, soon benefit Canadian industry. (www.immigrantscanada.com). As reported in the news.