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.

This bill proves, there is no good middle ground on budget.

9/30/23
from The Gray Area:
9/30/23:

Tonight the House sent a bill to the Senate that would avoid a government shutdown. This deal was in McCarthy's back pocket the entire time just in case he couldn't get what he wanted.

McCarthy caved on the spending and border requirements Republicans wanted, which will make the Democrats happy. For that concession, he took out more Ukraine funding which Democrats wanted and Republicans questioned.

This is an 11th hour deal out of desperation, but it makes sense. The Democrats will agree and continue to complain about Ukraine funding and the need for more spending. The Republicans will continue to complain in the House among themselves about the need for lower spending & border security.

All the same political posturing will continue as we move toward the next budget deadline, Nov 17. And, neither side will give in until the last minute again. A simple political reaction would be for the Republicans who control the House to come together and send a budget bill to the Senate that includes their priorities. The Senate can pass it, but they will probably not. Then they will be on record opposing border security. They don't want to be on record for that.

Wouldn't it be nice to see Congress actually handle a budget approval process properly. But it is clear with a divided Congress, there is no middle ground.



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