September 24, 2014

Congress Continues to Struggle With Budget as New Fiscal Year Begins

  • The federal budget is an expression of our country's values. Where we choose to spend and at what levels, how and who we tax, and the borrowing we...

This afternoon the House is scheduled to consider a continuing resolution (CR) to fund the government through Nov. 18 at the $1.043 trillion level included in the debt limit law. The government is currently operating under a short-term continuing resolution that is set to expire today. The Senate approved both continuing resolutions last week.  

An earlier controversy over offsets for disaster funding was resolved when the Federal Emergency Management Agency (FEMA) released new estimates projecting that funding would remain available through the end of FY 2011.

Enacting the new CR will end the immediate threat of a government shutdown and allow policymakers a few more weeks to reach an agreement on the FY 2012 appropriations bills. While the new fiscal year began last week, Congress has yet to enact a single one of the 12 appropriations bills necessary to fund the government.