Congress May Soon Consider Short Term Spending Bill
(Washington, D.C.) – According to press reports, Congress is likely to act on a short-term spending bill that funds the federal government through March, 2017. With current funding slated to expire on December 9, Congress seems set to act prior to that deadline – avoiding a shutdown of some federal agencies and functions. Congressional action is expected during a lame-duck session of Congress, after the conclusion of the Thanksgiving recess.
Daniel Garza, Executive Director of The LIBRE Initiative, released the following statement:
“The federal debt currently stands at nearly $20 trillion and, according to the Congressional Budget Office, it will grow by more than $8 trillion over the next ten years. It’s critical that Congress and the White House begin the difficult work of coming together on a plan to rein in unnecessary federal spending and reduce the nation’s annual federal deficits.
With that in mind, it is encouraging that Congress is reportedly preparing to consider a short-term spending bill which limits spending to previously-agreed levels, and which does not include favors sought by special interests. Provisions such as bailouts for the President’s failed healthcare law and tax favors for special interests should not be included in such high-priority legislation. If Congress is serious about safeguarding our financial future this is an important first step.”