Congress Passes Continuing Resolution - Federal Government to Stay Open

Congress Passes Continuing Resolution

On Wednesday, September 30, 2015, the United States Senate and House of Representatives passed a Continuing Resolution (CR) to keep the federal government open and funded at current levels through December 11, 2015. Several of the individual Appropriations bills for Fiscal Year (FY) 2016 have been passed by the House of Representatives, however, Senate Democrats have called for renewed negotiations on a broad budget agreement that would adjust the budget caps set under the Budget Control Act (BCA), which mandates across-the-board sequestration cuts when federal spending exceeds these caps. This short-term funding bill is intended to give leaders of the U.S. Congress and the President more time to negotiate higher budget caps for FY2016 and FY2017, past the next Presidential election cycle. The President is expected to sign this bill into law before midnight, which will mark the beginning FY2016.

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