U.S. Senator Tim Kaine released the following statement on the American Family Economic Protection Act, the Democratic proposal to replace the first year of sequestration:
"The balanced proposal announced today is a step in the right direction to avert the devastating cuts set to take effect on March 1 -- cuts that could cost Virginia up to 200,000 jobs, threaten national security and slash essential priorities like education and health care services. Inaction at this point is unacceptable. I urge leaders of both parties to work together to prevent the unnecessary impact of another self-imposed crisis and ultimately forge a path back to an orderly budget process where decisions about spending and revenue belong."