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Continuing Resolution Looking Likely

House Republican leadership is beginning to discuss the possibility of a stopgap spending measure – or continuing resolution (CR) – to keep the government running past the end of the federal fiscal year on September 30th. Discussions are beginning earlier than usual this year due to disagreements between the House and Senate are so large that neither side is optimistic that they can reach a resolution before then.

At this point, it is unclear as to whether the GOP will push for a simple extension at the FY13 level of roughly $988 billion for discretionary spending or try to draw up a stopgap bill at the roughly $967 billion level now written into federal law. Also unclear is how long the CR will last to keep the government funded. One thing is for sure: House Republicans will not work with the $1.058 trillion level for discretionary spending advocated by Senate Democrats.

In the midst of all this, House and Senate Appropriators continue to move bills forward in their respective chambers. The House Appropriations Committee is on track to end this week with 10 of its 12 FY14 bills approved. In addition to the work on the Labor-HHS-Education bill, the Interior-Environment panel marks up its draft on Tuesday and the full committee acts Wednesday on the State-Foreign Operations bill.

Senate leadership will attempt to bring their first FY14 spending bill – Transportation-HUD – to the Senate floor for consideration Tuesday. Senate appropriators are slated to approve this week the Financial Services and State-Foreign Operations measures, the ninth and 10th annual measures to move through the committee. The Senate Defense bill is expected to be marked up next week, the last work week before the August recess.

This Week in Congress

An overview of relevant House and Senate committee hearings and markups on the schedule this week:

TUESDAY, July 16th

Senate Appropriations
Fiscal 2014 Appropriations: Commerce, Justice, and Science
Subcommittee Markup
10 am, 192 Dirksen

Senate Appropriations
Fiscal 2014 Appropriations: Homeland Security
Subcommittee Markup
10:30 am, 138 Dirksen

House Energy & Commerce
Energy and Commerce Bills
Full Committee Markup
4:30 pm, 2123 Rayburn

WEDNESDAY, July 17th

Senate Appropriations
Fiscal 2014 Appropriations: Defense
Subcommittee Hearing
9 am, 192 Dirksen

THURSDAY, July 18th

Senate Appropriations
Fiscal 2014 Appropriations: Commerce, Justice, Science
Full Committee Markup
10 am, 106 Dirksen

Senate Appropriations
Fiscal 2014 Appropriations: Homeland Security
Full Committee Markup
10 am, 106 Dirksen

House Appropriations
Fiscal 2014 Appropriations: Commerce, Justice, Science
Full Committee Markup
10 am, 2359 Rayburn

House Science, Space, & Technology
NASA Authorization Act
Full Committee Markup
9:15 am, 2318 Rayburn

Things Heat Up in Congress

Congress returns to work this week under a heat advisory for our fist long stretch of very hot and humid weather in DC. Today is predicted to see 94 degrees in the nation’s capitol, but it will feel more like 101 according to weather.com. And today will likely be the coolest day of the week! The good news (or bad news?) is that most of the action will take place indoors as Congress continues to slog through their cluttered agenda.

FY14 Appropriations: Appropriators in both chambers continue to move their FY14 spending bills forward this week, with the House ready to take up a $512.5 billion defense spending bill that accounts for more than half of the $967 billion in FY14 discretionary spending being considered in that chamber. On Wednesday, House Appropriations will also mark up the $47.4 billion Commerce-Justice-Science bill. The panel the same day will mark up a $17 billion Financial Services bill that would cut the Internal Revenue Service budget by nearly a quarter. Senate Appropriations subcommittees mark up their version of the Commerce-Justice-State and Homeland Security spending bills on Tuesday.

The major issue remains to be the $91 billion budget gap between the two chambers. The House and Senate are preparing spending bills that adhere to vastly different overall numbers, which will make reconciling any of these bills near impossible before September 30th. It is almost certain that we will see short-term continuing resolution this fall, with the final outcome unknown at this time. Continue reading “Things Heat Up in Congress”

July Federal Update

FY14 APPROPRIATIONS

The path to enacting FY14 appropriations measures is paved with legislative friction as Congress is showing no signs of undoing the sequester and the House and Senate chambers are working on vastly different overall budget numbers. At this point, there are three budgets — House, Senate, and White House — all of which assume no sequestration, but include different ways to account for the cuts in later years.

The House is advancing its FY14 appropriations bills at a $967 billion overall spending cap, while the Senate is working with a $1.058 trillion cap, which does not take into account the sequester. Ironically, both the House and Senate plans would trigger a new round of across-the-board spending reductions under sequestration because they violate the caps set by the 2011 Budget Control Act (PL 111-25). But the House GOP plan busts the caps in defense and other security measures while the Senate is expected to bust the caps in both defense and non-defense (domestic) bills. All of this is leading to a big fight on spending, which will certainly culminate in a continuing resolution (CR) before the federal fiscal year ends September 30th. Continue reading “July Federal Update”

Student Loans: Cloture Vote Fails but Senate Makes Possible Deal

The Senate failed to invoke cloture and move forward S 1238, the Keep Student Loans Affordable Act, which is a measure that would keep the Stafford subsidized interest rate at 3.4 percent for another year.

The vote was 51-49 and 60 votes are needed to invoke cloture, which would end debate on the measure.

However, later Wednesday evening, a bipartisan group of Senators, including Majority Whip Dick Durbin, announced a long-term student loan agreement.

Continue reading “Student Loans: Cloture Vote Fails but Senate Makes Possible Deal”