Thursday, September 13, 2012

Congress passes stop-gap six-month funding measure

Oh look what was hiding in today's news


The U.S. House of Representatives on Thursday approved a stopgap measure to fund the government for six months and eliminate any threat of a government shutdown fight that could damage lawmakers' re-election hopes.

The six-month budget measure passed on Thursday marks a tactical retreat by House Republicans from their demands for deeper spending cuts this year. The so-called continuing resolution funds the government's agencies and discretionary programs -- from defense to education -- at an annual rate of $1.047 trillion, a level set as part of last year's budget deal.