December 12, 2013

House Approves Two-Year Budget Framework

By Christy Gullion

The House passed a budget agreement today by a vote of 332-94. The two-year budget deal, crafted by Senator Patty Murray (D-WA) and Rep. Paul Ryan (R-WI), will bring back “regular order” to the annual appropriations process that has eluded Congress for the past couple of years. Lawmakers voted 332-94 on the deal that sets a $1.012 trillion discretionary spending level for FY2014 (current fiscal year) — halfway between the $967 billion sequester level and the far-higher number Democrats were seeking. It also sets a $1.014 trillion for FY2015. It finds savings through recalculating federal workforce pensions and requiring government employees to contribute more toward retirement. With this action, the House is now in recess until after the New Year. The Senate is expected to take up the budget measure next week where is should garner plenty of support for passage.

Comments are closed.