Sunday, April 10, 2011

The Budget- the real fight begins

This week Congress has been busy with three overlapping budgetary debates-about a “continuing resolution” to keep the government up and running for the rest of this fiscal year, about next year’s budget and about whether to raise the legal limit on the federal government’s debt. Next year's budget must be figured out by lawmakers in under 6 months and America's debt will reach the current ceiling in under 6 weeks. But without a new resolution, the government’s authority to spend will expire at midnight on April 8th

1 comment:

Anonymous said...

It should be interesting to see how policy makers and law makers will handle the current debt ceiling. How much will the government payback be and how much will the government be allowed to spend?