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Monday, September 22, 2008
Details of Possible CR Emerge
House Democratic leaders have announced some details of a potential continuing resolution (CR) that would keep the federal government operating for half a year from the start of the FY 2009 fiscal year on October 1 through March of 2009. With none of the appropriations bills enacted into law and only eight days before the start of the fiscal year, passage of a CR is almost guaranteed. CongressDaily reported this afternoon some of the details of the plan:
According to a draft version of the CR, House Democrats would fund most federal government programs at FY08 levels until March 6 unless Congress acts before that. The draft also includes $5.1 billion for the Low Income Home Energy Assistance Program. House Democratic leaders had previously discussed including the funding in an economic stimulus package valued at about $50 billion. The package also includes $25 billion in loan guarantees for the U.S. auto industry that was authorized in legislation enacted last year.
You can read a discussion draft of the proposed continuing resolution.
Update: 9.23.08, 4:00 pm
CongressDaily is reporting ($) this afternoon that the House will take up the proposed CR legislation on Wednesday this week. More details to come tomorrow.
Posted by Adam Hughes
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