House passes CR through end of Fiscal Year 2013

On March 6, the House passed a 6-month continuing resolution (CR) providing funding for federal programs for the remainder of FY 2013. The current CR ends on March 27. The measure includes the automatic across-the-board spending cuts (sequestration), which signals that the cuts are likely to remain in effect unless a budget deal is reached as both parties have been unwilling, at this point, to risk a government shutdown. Differing views on whether to increase tax revenue and reform entitlement programs (namely Social Security, Medicare, and Medicaid), continue to prevent Congressional leaders from reaching an agreement, though there have been a few small signs of increasing flexibility. The Senate is expected to debate the measure this week.

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