8-03-12

Stopgap Spending CR

Speakerof the House John Boehner (Ohio) and Senate Majority Leader Harry Reid (Nev.) agreed this week to draft a Continuing Resolution (CR) that will keep the government operating at current spending level for six months after the current fiscal year ends on September 30, 2012.

This longer-than-usual CR is expected to be passed in September and will extend government operations well into 2013. This will allow lawmakers to focus on more pressing legislative priorities through the lame duck session (that begins on November 13, 2012) and into the First Session of the 113^th Congress (which begins on January 3, 2013).