U.S. Senate Stopgap Spending Bill Excludes “Vital” Programs From Cuts

by Colonel on March 19, 2013

“With the expected Senate passage this week of broad legislation to finance the federal government through Sept. 30, a lucky few programs will be spared the brunt of the automatic spending cuts now coursing through the federal government. Also, managers in some departments, especially the Defense Department, will gain more flexibility. …

The overall size of the cuts will remain the same, as will the short-term impact on the economy, because total spending outside of entitlement programs like Medicare and Social Security must remain beneath a hard cap of $984 billion. One program’s gain in the spending bill will mean another’s loss, caution the Democratic and Republican authors of the bill, which the House seems poised to pass. …

The bill is a mixed blessing for President Obama and others, especially Democrats, who hope Congress will eventually reverse the recent cuts.

” — Jonathan Weisman and Annie Lowrey, Copyright 2013 The New York Times Company

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