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Search Tags: shutdown
Susan Irving, GAO's director for federal budget analysis, has details of the report on the government's fast-approaching debt limit.
President Barack Obama signed the continuing resolution, which funds the government through Nov. 18, into law early Wednesday morning. The House passed the Senate-approved bill Tuesday.
There will not be a government shutdown over the 2011 budget any time soon, but the near shutdown was a fight almost every inch of the way. But some feds are taking a more optimistic view.
Congress narrowly avoided a government shutdown for now. But chances are we will be back to this same place next month, as the continuing resolution passed by Senate on Monday night lasts through Nov. 18. If a shutdown does occur, what should a government contractor do?
The Senate passed a continuing resolution to extend spending six weeks beyond the current fiscal year, ending on Friday. The House plans to vote Monday on the bill which funds government until Nov. 18. But on Nov. 23 is another important budget date — the joint select committee on deficit reduction must submit its recommendations to Congress on ways to reduce $1.2 trillion to $1.5 trillion in cuts over the next decade.
Senate Majority Leader Harry Reid (D-Nev.) said it's possible there will be a government shutdown at the end of this month.
A six-week continuing resolution did not pass the House in a vote today. The government runs out of funds on Sept. 30 if Congress does not pass a bill. What's more, lawmakers face a shortened deadline to sort out 2012 funding — Congress will be in recess all next week.
Russell Berman, a staff writer with The Hill newspaper, joined the Federal Drive with Tom Temin and Amy Morris to discuss the latest from the halls of Congress.
The House approved a short-term spending measure Thursday after lawmakers rejected a similar bill earlier this week.
Bill Frenzel a global scholar of economics at Brookings Institution, joined the Federal Drive with Tom Temin and Amy Morris to discuss perspective on what's happening on the Hill, and whether the government is facing a shutdown.