Spending deal drafted in face of Jan. 15 deadline

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Dec. 20, 2013 – Congressional appropriators report they have reached a deal for allocating funds under next year’s budget package and expect to have appropriations through both houses before Jan. 15, when the current federal stopgap spending bill expires.

Sen. Barbara Mikulski, D-Md., and Rep. Hal Rogers, R-Ky., the chairs of the House and Senate Appropriations Committees, are quoted in The Hill's Finance and Economy Blog saying they’ve come up with a “framework” for carrying out the $1.012 trillion budget plan for 2014.

The president is expected to sign the budget deal, but it will take longer for appropriations to clear.

The House is already out, and the Senate is expected to adjourn soon as well. The 2014 session of Congress begins Jan. 7, which gives lawmakers just about a week to clear the spending measure and get it to the president in time to sign it and avoid another shutdown.

The Senate on Thursday was also nearing a vote on passage of next year’s defense authorization package. The measure would make no changes in the Servicemembers Civil Relief Act or Military Lending Act, which both affect credit unions that have military members.

Related Links:
The Hill blog report