The threat of a federal shutdown likely has been averted after lawmakers struck a deal Thursday night over the omnibus covering nine fiscal 2012 spending bills, reported the Hill newspaper. Appropriators from both parties expressed confidence that the House and Senate would approve the conference agreement Friday before the current continuing resolution funding most federal agencies runs out …
The prospect of a faceoff this week over federal spending dissipated after the Senate passed a compromise spending measure Monday that would keep the federal government open until Nov. 18. Senate Democrats dropped $1.0 billion in disaster funding for the current fiscal year from the stopgap spending bill after the chamber defeated a motion to limit debate on a measure that included the emergency aid …
Congressional leaders’ plan to pass a continuing resolution to keep the federal government running for the first seven weeks of the new fiscal year hasn’t gone as smoothly as hoped, but with one more week remaining before the start of FY 2012 no one yet is predicting a faceoff that goes down to the eleventh hour …
Several key Republican leaders recently have indicated Congress should adhere to the spending limits included in last month’s agreement to raise the nation’s debt ceiling as lawmakers tackle the 12 spending bills needed to fund the federal government in fiscal 2012. That support will be critical in passing spending bills and avoiding the eleventh hour histrionics relied on in April to keep the government running …
The overall impact on the Hampton Roads economy from the disestablishment of Joint Forces Command is estimated to range from $200 million to $300 million a year, a significantly smaller blow than was originally forecast when the Pentagon first announced its intention to close the command last August. The region now is expected to lose no more than 2,000 jobs, with most of those affecting contractors …
Due to multiple time constraints, Congress will have a difficult time passing any of the 12 annual spending bills for fiscal 2012 before Oct. 1. After returning from their August recess, lawmakers are scheduled to be in session for only two weeks in September …
Congress stands a relatively decent shot at passing spending bills before year’s end, in contrast to the standoff that forced the federal government to operate under a continuing resolution for half of the current fiscal year. Appropriations for fiscal years that began in odd-numbered years since 2005 were completed by the end of December …
More than six months into fiscal year 2011, the president is on the verge of signing a spending bill to keep the government operating until the start of the next fiscal year. The House and the Senate Thursday passed the budget agreement that averted a government shutdown one week ago …
Appropriations staff continued to work Monday to turn Friday’s last-minute compromise over fiscal 2011 spending into legislation while the rest of Washington, D.C., catches its breath after coming within 90 minutes of witnessing a federal government shutdown. Final language for the deal, which cuts $38 billion from previous spending levels, was expected to be released Monday night …
Late Friday night House Speaker John Boehner and Senate Majority Leader Harry Reid announced a final deal to fund the government through September that would cut about $38 billion in fiscal 2011 spending. The two sides also agreed on the terms of a short-term spending bill needed to avert the federal shutdown scheduled to begin at midnight Friday …