House-Senate negotiators rolled out a $1.1 trillion spending bill Monday night — a giant package that fills in the blanks of the December budget agreement and promises to restore some order to government funding over the next year.
Under pressure from Republicans, the measure keeps a tight rein on new funding for Wall Street regulators and effectively freezes appropriations for President Barack Obama’s health care program at the reduced, post-sequester level.
But the White House retains the flexibility to find the financing it needs to implement the health exchanges and appears satisfied to have avoided the most contentious restrictions proposed by conservatives.
(Also on POLITICO: What’s in the $1.1T government spending bill?) Continue reading “$1.1 trillion spending bill unveiled”
Tuesday – 1/14/2014, 4:25am ET
WASHINGTON (AP) — Top congressional negotiators Monday night released a bipartisan $1.1 trillion spending bill that would pay for the operations of government through October and finally put to rest the bitter budget battles of last year.
The massive measure fleshes out the details of the budget deal that Congress passed last month. That pact gave relatively modest, but much-sought relief to the Pentagon and domestic agencies after deep budget cuts last year.
The bill would avert spending cuts that threatened construction of new aircraft carriers and next-generation Joint Strike Fighters. It maintains rent subsidies for the poor, awards federal civilian and military workers a 1 percent raise and beefs up security at U.S. embassies across the globe. The Obama administration would be denied money to meet its full commitments to the International Monetary Fund but get much of the money it wanted to pay for implementation of the new health care law and the 2010 overhaul of financial regulations. Continue reading “Rogers, Mikulski unveil $1 trillion spending bill”
WASHINGTON — With the next budget deadline just weeks away, top lawmakers said this week that they had made significant progress negotiating a huge government-wide spending bill that gives the once mighty congressional Appropriations Committees a chance to reassert control over the flow of federal dollars.
“We have a chance to prove to the rest of the Congress that we can produce bills,” Representative Harold Rogers, the Kentucky Republican who is the chairman of the House Appropriations Committee, said in an interview.
The past few years have proved frustrating for members of the spending panels. With House Republicans unable to come to terms with Senate Democrats on a budget, the government has functioned mainly under a series of continuing resolutions that have taken the Appropriations Committees out of the game. Continue reading “Lawmakers Cite Progress On Budget Near Deadline”