Capital Thinking: Budget & Appropriations

more+
less-

LEGISLATIVE ACTIVITY

 

FY 2014 Appropriations

The House is scheduled to consider a short-term FY 2014 Continuing Resolution (CR) this week that would maintain federal funding at current levels for likely two to three months past the start of the fiscal year on October 1. With the debate over Syria action expected to monopolize the nine legislative days in September, Congress is expected to quickly approve the stopgap bill to prevent a government shutdown on October 1. This will push the resolution of the FY 2014 budget into the broader fiscal negotiations expected this fall as the nation’s borrowing authority limit will be reached by mid-October and the prospect of a military strike in Syria has renewed pressure for action to alter the next round of sequestration scheduled for January, particularly for defense-related activities. With Democrats and Republicans still at odds over how to address these issues, whether through spending cuts, entitlement reform, or revenue, it appears another fiscal showdown is looming in the coming weeks.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Squire Patton Boggs | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×