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Search Tags: budget
President Barack Obama on Friday signed a $1.1 trillion spending bill that funds the federal government through the end of September. Obama put his signature on the 1,582-page measure the day before federal funding was set to run out. The measure calls for less spending than Obama had proposed but more than Republicans sought. However, lawmakers of both parties were determined to avoid a repeat of the political showdown that caused the government shutdown.
With the unveiling of the bipartisan spending bill this week, federal agencies are getting a clearer picture of how much funding they'll get for the rest of the fiscal year. Track which agencies will see sizable increases or which will be getting the short end of the stick.
Frank Kendall, the undersecretary of Defense for acquisition, technology and logistics, said while the budget agreement adds money back to DoD's overall spending capacity in 2014 and 2015, the deal still doesn't plug holes in the Pentagon's research funding. Kendall estimated R&D funding will drop by as much as 20 percent compared to the department's initial requests.
Gordon Adams, professor of International Relations at American University, distinguished fellow at the Stimson Center and former associate director for National Security and International Affairs at the Office of Management and Budget joins host Francis Rose.
Shunning the turmoil of recent budget clashes, Congress is ready to approve a massive $1.1 trillion spending bill for this year, a compromise financing everything from airports to war costs and brimming with victories and setbacks for both parties.
After a month of negotiations, the leaders of the House and Senate Appropriations Committees unveiled a massive $1.1 trillion spending bill this week funding the government for the remainder of fiscal 2014. From federal pay and benefits to a further decline in the Internal Revenue Service's budget, read about three key takeaways of the bill.
Top congressional negotiators Monday night released a bipartisan $1 trillion spending bill that would pay for the operations of government through October. The bill includes an additional $85 billion for war spending in Afghanistan. Among other provisions, the bill awards federal civilian and military workers a 1 percent raise. The House is slated to vote on the measure Wednesday.