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Category: Budget

House Passes Continuing Resolution

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The House passed a continuing resolution (“CR”), H.R. 8337, to fund the Federal Government through December 11th, 2020 and avoid a potential shutdown. The bipartisan resolution passed 359-57 and is part of a deal reached by House Democrats, Senate Republicans, and the Administration. The CR must still pass in the Senate and be signed by the President. The full story is available here.

As of now, all 12 FY 2021 appropriations bills have passed in the House, but none have passed in the Senate, indicating a likely long road ahead.

 

White House Reveals FY22 R&D Priorities

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The White House has published a memorandum outlining the FY22 Research and Development priorities for federal agencies. AI and QIS remain a top priority, however due to COVID-19, significant focus has been placed on public health concerns including vaccine development and infectious disease research. Other areas of interest include energy, space, and security.

Read the full memo here.

House Passes Second Supplemental

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The House of Representatives held votes just after midnight on Saturday to pass a second supplemental appropriations bill to fund the American COVID-19 response.

The Families First Coronavirus Response Act, H.R. 6201, is bipartisan legislation resulting from negotiation between House Democrats and the White House. The bill guarantees free COVID-19 testing, paid emergency leave, and strengthens food security among other things. A summary can be found here.

The supplemental is with the Senate, which canceled its scheduled recess (district work period). The House is now in recess until March 23rd.

Federal Debt: A Primer

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The Congressional Budget Office (CBO), which provides nonpartisan budgetary and economic analysis for Congress, released their report Federal Debt: A Primer. The report outlines how federal debt has nearly tripled between 2008-2019. Featured in the report is an explanation of public debt, facts and figures, and the CBO’s projections for future debt.