Budget season is upon us. The White House will release its fiscal year 2015 budget tomorrow, but according to several news sources, the Senate will not write, debate or pass a budget this year.
The House and Senate are in recess this week to celebrate President’s Day. Most Americans may only get one day off, but Congress takes a whole week.
As expected, the Senate yesterday approved a bill that will suspend the statutory debt limit until March 15, 2015. The measure passed 55 to 43 with two members not voting.
Today, the Senate will vote on the farm bill (H.R. 2642, “The Agricultural Act of 2014”) after closing debate late on Monday.
The House and Senate last week gave their final approval to the fiscal year 2014 spending bill. The legislation included $1.182 billion for House operations next year and $859.3 million for the Senate. Both figures represent cuts from fiscal year 2013.
Meanwhile, National Journal (subscription required) says senators plan to go back after today’s vote on the budget resolution and “tweak” some of its provisions. According to the Journal, agreement on the deal “has not stopped lawmakers from making preparations to tinker with it after it passes, most notably with a provision reducing military pensions.
On Tuesday, the Senate is set to vote on a House budget resolution passed last week. The budget agreement calls for $62 billion in increased spending in the current and next fiscal year paired with revenue increases that kick in over the next decade.
Want a job in the federal executive or judicial branch? Good timing because today it became a lot easier for your nomination to go through.
Last week taxpayers spent $81.7 million to keep Congress running. Have you gotten your money’s worth?
The House and Senate were in session last week. The Senate passed a comprehensive immigration reform bill that the Congressional Budget Office said would reduce the budget deficit by about $197 billion a year.