Despite Short-Term Debt Ceiling Agreement, Budget Questions Hamper Spending Projections
As a short-term increase to the debt ceiling makes its way through the Senate and likely across the President’s desk, uncertainties still surround possible sequestration, continued government funding and projections for 2014 spending levels. Yesterday, the House passed the “No Budget No Pay Act” (HR 325) to provide a four-month stay on the debt ceiling debate, which was set to be triggered in late February or early March. Additionally, last week the President notified House Budget Committee Chairman Paul Ryan that the Administration’s 2014 Budget, which is due on February 4, would be delayed by at least a month. This move, along with the impending sequestration and the end of the current federal funding law on March 27, have many agencies taking educated guesses about what funding levels for next year will be.
NARC encourages members to contact their Congressional delegations with information about how these debates directly impact individuals in your region. See additional resources and educational materials HERE.