U.S. Congress Considers Stopgap Funding Measure

The stopgap measure to fund the U.S. government for six months after the current fiscal year ends on Sept. 30 will hit the House of Representatives floor Sept. 13, with House Budget Chairman Paul Ryan (R-Wis.) returning to Capitol Hill for the first time since becoming Mitt Romney's running mate to vote on the bill.

The closed-rule continuing resolution (CR) was rubberstamped by the House Rules Committee with remarkable speed, confirming the bill's status as an uncontroversial piece of must-pass legislation that both parties want to put behind them.

In order to gain final passage, however, any final legislation will need the support of Republicans and Democrats in both Houses. Past evidence shows that successfully passed must-pass measures over the last two years have all had bipartisan support.

The bill is prorated at a $1.047 trillion annual rate, consistent with the fiscal 2013 cap set by last summer's Budget Control Act.

Posted on Thursday, September 13, 2012 (Archive on Monday, January 1, 0001)
Posted by NStaff  Contributed by