Congress reaches agreement on continuing resolution

House and Senate leaders said July 31 they have reached an agreement on funding the government into the first quarter of fiscal 2013.

Congressional leaders have agreed to cap spending under the continuing resolution at $1.047 trillion. It's the amount agreed to in the Budget Control Act in August 2011.

A continuing resolution keeps the government funding at current levels, if a formal appropriations bill has not been signed into law.

The fiscal year begins Oct. 1.

Reid said the agreement will provide stability for agencies in the coming months.

House Majority Leader John Boehner (R-Ohio) said members will draft legislation that the both chambers can pass and that President Barack Obama will sign into law.

The White House applauded the agreement.

“The agreement reached by House and Senate leadership to fund the government through the first quarter of 2013 is a welcome development,” the White House said in a statement. “We are encouraged that both sides have agreed to resolve this issue without delay.”

About the Author

Matthew Weigelt is a freelance journalist who writes about acquisition and procurement.

Rising Stars

Meet 21 early-career leaders who are doing great things in federal IT.

Featured

  • SEC Chairman Jay Clayton

    SEC owns up to 2016 breach

    A key database of financial information was breached in 2016, possibly in support of insider trading, said the Securities and Exchange Commission.

  • Image from Shutterstock.com

    DOD looks to get aggressive about cloud adoption

    Defense leaders and Congress are looking to encourage more aggressive cloud policies and prod reluctant agencies to embrace experimentation and risk-taking.

  • Shutterstock / Pictofigo

    The next big thing in IT procurement

    Steve Kelman talks to the agencies that have embraced tech demos in their acquisition efforts -- and urges others in government to give it a try.

  • broken lock

    DHS bans Kaspersky from federal systems

    The Department of Homeland Security banned the Russian cybersecurity company Kaspersky Lab’s products from federal agencies in a new binding operational directive.

  • man planning layoffs

    USDA looks to cut CIOs as part of reorg

    The Department of Agriculture is looking to cut down on the number of agency CIOs in the name of efficiency and better communication across mission areas.

  • What's next for agency cyber efforts?

    Ninety days after the Trump administration's executive order, FCW sat down with agency cyber leaders to discuss what’s changing.

Reader comments

Wed, Aug 1, 2012 JoeTaxPayer

To RBB in Salt Lake: Is Salt Lake City ready to absorb 16,033 middle and high end jobs lost as a direct result of Sequestration??? Or a state GSP hit of S1,612,000,000.00? Take that much money out of your economy and see how hard it is even to get a job at a fast food business or retail store. Your housing market would tank also due to all the defaults! This would be the result of sequestration FY2013 budgets according to the Fuller Report: "The Economic Impact of the Budget Control Act of 2011 on DOD & non-DOD Agencies" Just a thought. Be careful what you ask for.

Wed, Aug 1, 2012 RBB Salt Lake City

What is the point of having an opposition party if they do not stand up when the have a chance. We are running insane deficits year after year and neither party has the guts to say enough is enough. Boehner needs to be removed if the Republicans are to have any hope of ever being a party of principle. Otherwise, we simply have Democrats and Democrats light.

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

More from 1105 Public Sector Media Group