September 30, 2014

Struggles Continue on 2011 Budget

  • The national debt has grown significantly in recent years due to rising annual deficits. A deficit occurs in any year the government spends more...

With the continuing resolution (CR) that currently funds government agencies set to expire on Friday, policymakers will need to reach agreement this week on a new resolution to avoid a government shutdown.

Yesterday Republicans on the House Appropriations Committee proposed yet another short-term CR.  It would include an additional $12 billion in cuts, fund the Department of Defense for the remainder of the fiscal year, and fund other government agencies for another week while negotiations continue.  Six previous CRs for the fiscal year included a total of $10 billion in cuts.

President Obama discussed appropriations with congressional leaders at a White House meeting this morning.