Although Congress has been on recess this week, budget discussions still continue on Capitol Hill as policymakers inch closer to the looming March 4th deadline which will determine if the federal government will continue running or face a shutdown.
Talk of a shutdown was prompted by the House of Representatives passage of a funding measure which would eliminate over $60 billion in federal spending (a $100 billion decrease when compared to the President’s proposed budget) last Saturday. The House bill originally sought to eliminate $557 million from IDEA funding which was restored through an amendment by Rep. McMorris-Rodgers (R-WA), paid for by using money from other education programs. In total, the House passed bill eliminates $10 billion in education programs.
The Senate Democratic leadership has rejected the House passed bill and has called on the Speaker of the House, John Boehner to compromise. The Senate is still drafting its own version of the bill which will be released next week and is expected to look very different than the House version.
The question is whether the two chambers – the House and the Senate – can come up with a short term or long term solution prior to the March 4th deadline. If not, the federal government will shut down for the first time since 1996. Stay tuned!
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