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Search Tags: budget
The success of the U.S. private sector is connected to a healthy U.S. public sector, and we are letting our public sector deteriorate, says David Bray, CIO of the FCC.
The bill passed by Congress reopening the federal government after a two-week shutdown grants retroactive pay for furloughed federal workers and clears the way for all federal employees to receive a 1 percent pay raise in January. The continuing resolution, which funds government operations through Jan. 15, also grants agencies some spending flexibilities to avoid sequestration-related furloughs over the next few months.
The Senate and House both voted Wednesday night, passing a bill that reopens the government and funds agencies through Jan. 15, permits the Treasury to borrow normally through Feb. 7, and provides back pay for federal employees furloughed during the 16-day government shutdown. The bill now heads to President Barack Obama for his signature, which he has said he will sign immediately.
Two weeks into a government shutdown that has hamstrung federal agencies and sent large sections of their employees home without pay, Congress is heading for another last-minute showdown — this time over raising the government's borrowing authority, known as the debt ceiling.
While furloughed federal employees can hang onto the hope Congress will authorize backpay once the shutdown ends, government contractors will likely face the reality of lost wages and revenue.
Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell spoke by phone Sunday but failed to agree on a deal to raise the nation's borrowing authority above the $16.7 trillion debt limit or reopen a government still shuttered on its 14th day.
House Speaker John Boehner says Republicans would vote to extend the government's ability to borrow money for six weeks, but the partial government shutdown would continue.
emocrats controlling the Senate plan to move quickly toward a vote to allow the government to borrow more money, challenging Republicans to a filibuster showdown as the time remaining to stop a first-ever default on U.S. obligations ticks by.