President Obama Signs Six-Month Continuing Resolution into Law

Posted on: October 7th, 2012 by NADO Admin

On September 28, President Obama signed into law a six-month Continuing Resolution or “CR” (H. J. Res. 117), which will fund the federal government for the first half of fiscal year 2013—from October 1, 2012 through March 27, 2013.  The measure had previously cleared the U.S. House of Representatives on September 13 and the U.S. Senate on September 22.

The CR reflects the $1.047 trillion cap set for discretionary spending in the 2011 Budget Control Act (P.L. 112-25), which is approximately $8 billion over current federal government spending and represents about a 0.621 percent increase for most federal agencies and programs.

The CR followed an agreement negotiated by the Administration and Congressional leaders before the August recess who were anxious to avoid a government shutdown so close to the November elections. Although it remains unclear how and when Congress will complete the fiscal 2013 appropriations process, Appropriators in both the House and Senate hope to complete work on FY2013 spending during the lame-duck session with an omnibus package (which would combine all or several  appropriations bills into one large measure).  However, with the CR now guaranteeing funding for federal programs through late March, leaders may choose to delay finalizing FY2013 appropriations and instead focus on issues like the expiring tax cuts and the automatic, across-the-board spending cuts known as the “sequester.”

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