Government Shutdown
There is a need to pass a bill extending routine government funding after a stopgap bill expires March 27. Without an extension, a partial government shutdown would occur. Congress must pass this spending bill, called a continuing resolution or “CR,” which would continue spending after Sept. 30, 2013, the end of the 2013 fiscal year. As it stands now, the government’s legal authority to borrow more money runs out in mid-October, 2013. According to the Bipartisan Policy Center, if that date arrived on October 18, the Treasury “would be about $106 billion short of paying all bills owed between October 18 and November 15. The congressionally mandated limit on federal borrowing is currently set at $16.7 trillion. The debt limit has been raised 13 times since 2001 and has grown from about 55 percent of Gross Domestic Product in 2001 to 102 percent of GDP last year.

Trump Won’t Sign Short-Term Spending Bill Passed by Senate as Shutdown Looms

from The Wall Street Journal,

House Speaker Ryan says the president said during Thursday meeting he wants more money for border wall.

President Trump told House Republicans on Thursday that he won’t sign the spending bill passed by the Senate because it lacks funding for the border wall, House Speaker Paul Ryan said, complicating the path to keeping a large part of the government open past Friday. In brief remarks to reporters after House Republicans met with Mr. Trump for more than an hour Thursday afternoon, Mr. Ryan said that he would “work with members” to come up with a new solution. Earlier Thursday, House Republicans in a closed-door meeting had balked at passing the Senate bill without border wall funds. “We want to keep the government open,” said Mr. Ryan, a Wisconsin Republican.

House GOP leaders whipped it last week to see how much support there was for it and it wasn’t clear it could pass, in part because of the absences, aides said. If the measure were to fail, that could prove there was insufficient support in Congress for the border wall funding, and perhaps clear the way for another vote without the wall funds. But GOP aides were skeptical about that, given that Mr. Trump had just said he wouldn’t sign it. Still, moods could shift as the spending deadline gets even closer. If a bill with border-wall funds passes the House, it will likely be blocked in the Senate. There, spending bills need 60 votes to clear procedural hurdles, but Republicans hold only 51 seats. Many senators have also left town after the chamber passed the short-term spending bill Wednesday night, and President Trump is set to depart for Florida on Friday.

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