House Passes Federal Budget Agreement, Senate Should Vote Today

The US House of Representatives passed a budget agreement on their last day of session last week, entitled the Bipartisan Budget Act, on a 334-94 vote. This budget agreement set the spending levels for FYs 2014 and 2015, and is the beginning of the end of shutdown deadlines. However, Congress still has to pass actual appropriation bills by January 15th to avoid the next shutdown as that is when the current Continuing Resolution expires. The spending levels, as passed, are $63 Billion over the levels set by sequenstration for both years. The Senate is expected to support the legislation today. With this action, Congress has begun to get back to the typical budget process, rather than legislate through a series of contuing resolutions.

Summer Minnick is the Director of Policy Initiatives and Federal Affairs. She can be reached at 517-908.0301 or sminnick@mml.org

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