Immediately prior to adjourning until after the election, Congress approved a six-month spending bill that will keep the government running when the current fiscal year ends on Sunday. Join Advocacy Associates on Thursday for the first of two free webinars on how to prepare your advocates for the election season, the new fiscal year, and beyond. Registration is now open.
The continuing resolution sets spending levels until March 27, 2013 at the $1.047 trillion level agreed upon in the Budget Control Act, the deal reached last summer to raise the debt ceiling. The spending cap for FY13 is slightly higher than FY12 levels, which will boost programs by .621% across the board and will allow $1.992 billion in additional funding to go to various projects and disaster relief.
The agreement marks a compromise between the House and the Senate, which based its individual spending bills on wildly differing topline levels. Conservative members of the House had been pushing the budget resolution introduced by Vice Presidential candidate Rep. Paul Ryan (R-WI), which would have lowered overall spending for FY13 by $19 billion. The Senate, on the other hand, supported the topline numbers agreed upon in the BCA. In what seemed like a contradictory vote, the bill passed handily in the House, but passed by a narrower margin in the Senate. The President is expected to sign it into law this week.
After the election, fiscal issues such as sequestration, tax reform, and deficit control will dominate the lame duck session of Congress. Join Advocacy Associates for two free webinars to help you prepare your advocates and policy issues for the election season and beyond, regardless of the outcome of the election. Register here.