Saturday, September 22, 2012

Congress Adopts Stopgap Budget as Lawmakers Eye Campaigns



Did somebody say “Fiscal Cliff”?  Congress adopted a stopgap budget measure to fund the federal government’s day-to-day operations before lawmakers adjourned to campaign for the Nov. 6 election.  The Senate voted 62-30 early today to clear legislation that would give most agencies a 0.6 percent budget increase after the start of the fiscal year until March 27, 2013.
The vote sends the measure to President Barack Obama for his signature. The legislation was adopted Sept. 13 by the House, 329-91, after Republicans dropped their demands for billions of dollars in additional spending cuts included in House Budget Committee Chairman Paul Ryan’s fiscal plan...

…The budget measure, H.J. Res. 117, ends a budget fight while lawmakers delay the more contentious debate about expiring George W. Bush-era income-tax cuts and $1.2 trillion in automatic spending cuts set to begin in January. Congress was in session for two weeks after lawmakers returned from their August recess...

Read all about how they kicked the can  at http://www.bloomberg.com/news/2012-09-22/congress-adopts-stopgap-budget-as-lawmakers-eye-campaigns.html

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