Budget & Appropriations – Another Short-Term Funding Bill Enacted, Waiving Mandatory Spending Cuts

On December 22, 2017 President Trump signed another stop gap funding bill into law that Congress passed the day before, barely averting a government shutdown. The current spending measure runs through January 19, 2018 and includes a waiver of the “Pay-as-you-go” budget rule. The “Pay-Go” rule would have required $136 billion in annual cuts to several mandatory programs (including $25 billion from Medicare alone) due to the new tax law’s additional $1.5 trillion in deficits over 10 years.

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