Senate Majority Leader Harry Reid and House Speaker John Boehner announced today that they have reached a deal on a six-month continuing resolution (CR), which will fund the government at $1.047 trillion, which is the level set for FY 13 in the Budget Control Act (BCA). While no other details have been announced, staff will work through August recess to draft a bill. One issue to note is that the funding level set by the BCA is $4 billion more than the FY12 level, so the CR cannot simply fund programs at last year’s levels. It is unclear how Congress will allocate the additional funding for the six month CR.
Nancy Conneely, Public Policy Manager
Tags: appropriations, budget, Congress, funding