While everyone’s attention has been justifiably focused on whether we will be going to war in Syria, a pair of important fiscal deadlines has been quietly sneaking up on us.
On Sept. 30, the continuing resolution currently funding the government will expire, and by the middle of October, the federal government will once again reach its legal borrowing limit.
Word from the Hill suggests Republican leaders will offer a short-term resolution that funds the government through Dec.15 at a cost of $988 billion. This resolution would keep most of the sequester intact but would still increase appropriations by roughly $21 billion relative to the previous continuing resolution. Still, it is roughly $70 billion less than President Barack Obama requested. That’s what counts as fiscal discipline these days.
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