Merry Christmas, Happy Hanukkah and A Happy New Year! I usually end my final missive of the year with these wishes. But, since the rest of this e-mail is loaded with lumps of coal, I thought I would start out with the happier note! Now, on to details that could just as easily have been provided by Ebenezer Scrooge.
Post-Thanksgiving, there were basically two issues remaining for Congress this year. I will address each separately:
Funding the Government: A bill to fund the government for the balance of this fiscal year passed both Houses on a bipartisan vote and is expected to be signed by the President very soon. The total spending in this bill was determined by the “debt limit agreement” in August. So, all that had to be worked out were the specifics within that number ($1.043 trillion). So, that means no government shutdowns before September 30, 2012. Additionally, it is standard practice in election years to fund the government from October 1st through at least the end of November on a Continuing Resolution (CR) rather than try to get enormous spending bills done weeks before an election. So, I expect that next year… Read More