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.

Congress Passes Short-Term Measure to Reopen Government

from The Wall Street Journal,

The stopgap spending bill will provide no immediate funding for a border wall.

President Trump reached a deal with congressional leaders Friday to reopen the government for three weeks despite getting no new funding for a border wall, setting the stage for whirlwind talks to bridge deep disagreements between Democrats and Republicans on immigration policy. The bill, which includes an extension of border security funding at current levels, was quickly passed by the Senate and House and was set to be signed into law by the president late Friday. The short-term deal provides financial relief for about 800,000 federal workers, who have been furloughed or on the job without pay for more than a month and missed another paycheck Friday.

The deal Mr. Trump announced marks a retreat from the hard-line stance he had taken throughout the shutdown, which began Dec. 22 over a clash between the president and Democrats over whether to fund a border wall. Mr. Trump says the wall is key to national security, while Democrats say it is unnecessary.

Mr. Trump agreed to temporarily forgo funding for his border wall but warned he would turn to an emergency declaration to build it if Congress didn’t provide funding in the final pact.

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