Government Shutdown Update of the Day: Republicans and Democrats managed to reach a last-minute deal to prevent a government shutdown. A stopgap bill will keep the government open until next Thursday, at which point congress will vote on a budget agreement to cover the rest of fiscal 2011.
According to a joint statement released by House Speaker John Boehner and Senate Majority Leader Harry Reid, the agreement “will cut $78.5 billion [reality check: 2% of the federal budget] below the president’s 2011 budget proposal.” Furthermore, Planned Parenthood funding will remain in tact, but is expected to be voted on separately as part of the deal, along with health care reform repeal.
President Obama spoke before the Washington Monument, calling the cuts “painful,” but also praising them as historic.
With the “dry run” over, all eyes now turn to the main event: Raising the debt ceiling.
Prepare for the crazy times to come
Walang komento:
Mag-post ng isang Komento