Subscribe free to our newsletters via your
. GPS News .




POLITICAL ECONOMY
US House to introduce stop-gap budget
by Staff Writers
Washington, District Of Columbia (AFP) Sept 11, 2013


A key US lawmaker introduced a stop-gap funding bill Wednesday to prevent an October 1 government shut-down, acknowledging there is not enough time to pass a yearly US budget.

House Appropriations Committee chairman, Republican Hal Rogers, unveiled a temporary measure that would continue funding for all federal agencies, programs and services after the current fiscal year ends September 30 -- but only until December 15.

The so-called "continuing resolution" would fund discretionary spending -- which excludes some military costs and entitlement program payments like Social Security -- at the annual rate of $986.3 billion.

That figure almost certainly will be contested by Democrats, who charge House Speaker John Boehner is seeking to make automatic spending cuts -- known as sequestration -- enacted earlier this year permanent by not extending funding at the pre-sequester levels.

House Republican leader Eric Cantor said a vote on the measure is expected this week.

Congress has bickered for months over spending levels, with Republicans calling for greater budget austerity, and has been unable to agree on a full federal budget for fiscal year 2014.

"This is not the preferred way of doing the nation's financial work," Rogers conceded in a statement.

"However, given the late date, a continuing resolution is necessary to stop a government-wide shutdown that would halt critical government programs and services, destabilize our economy, and put the safety and well-being of our citizens at risk."

The measure would not cancel the deeply controversial sequester that went into effect in March, but gives a degree of flexibility to certain programs, including border police.

In the absence of a full budget bill, the stop-gap measure will need to be passed by the Republican-led House of Representatives and the Democrat-led Senate by September 30.

If not budget is passed, government doors would be shuttered and non-essential services would grind to a halt -- a potential disaster both parties say they are keen to avoid.

Memories are still fresh in Washington about Christmas 1995, when failed negotiations between President Bill Clinton and the Republican majority in Congress led to a three-week shutdown.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China industrial output growth hits 17-month high
Beijing (AFP) Sept 10, 2013
China's industrial production rose at its fastest in 17 months in August, authorities said Tuesday, the latest in a series of better-than-expected indicators pointing to a pick-up in the world's second-largest economy. The main gauge of output at China's factories, workshops and mines increased 10.4 percent year-on-year in August, the National Bureau of Statistics (NBS) said, the strongest g ... read more


POLITICAL ECONOMY
Indonesian farmers take legal action against president over haze

Overgrazing turning parts of Mongolian Steppe into desert

Certification of aquaculture critical to sustainable seafood production

A genetic treasure hunting in sorghum may benefit crop improvement

POLITICAL ECONOMY
Growing thin films of germanium

Shining a little light changes metal into semiconductor

Engineers improve electronic devices using molybdenum disulfide

China fire rattles world chip supply chain

POLITICAL ECONOMY
USAF and Boeing Finalize KC-46A Tanker Aircraft Design

Boeing Forecasts China's Fleet to Triple Over Next 20 Years

BAE considers military refueling conversion for commercial jet

Air Canada transfers executive jet fleet to partner

POLITICAL ECONOMY
Tough traffic ban frustrates Baghdadis

Hong Kong launches electric bus in drive against pollution

BMW accused of spying on Paris electric car scheme

China auto sales perk up in August: group

POLITICAL ECONOMY
Multinationals to get equal treatment in China: premier

Australia's new government a boost to mining industry?

Romania PM backs down on controversial gold mine project

Israeli tycoon center of probe in $2.5B Guinea mining deal

POLITICAL ECONOMY
400-year study finds Northeast forests resilient, changing

New technique for measuring tree growth cuts down on research time

Northeastern US forests transformed by human activity over 400 years

Red cedar tree study shows that Clean Air Act is reducing pollution, improving forests

POLITICAL ECONOMY
Reflecting on Earth's albedo

Our living planet Earth's carbon dioxide breathing seen from space

NASA's Landsat Revisits Old Flames in Fire Trends

NASA Data Reveals Mega-Canyon under Greenland Ice Sheet

POLITICAL ECONOMY
Size Matters as Nanocrystals Go Through Phases

New breakthrough for structural characterization of metal nanoparticles

Toxic nanoparticles might be entering human food supply

Plasma-treated nano filters help purify world water supply




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement