Mar 15, 2011

New CR Passes House Of Representatives

The House of Representatives has passed a new Continuing Resolution (CR) that will keep Social Security and other federal agencies going for another three weeks, to April 8. This is likely to be passed by the Senate and signed by the President. This CR continues the pain for Social Security since it will only fund the agency at last year's rate, a real problem for an agency with a rapidly growing workload.

By the time this new CR runs out, the federal government is likely to be up against its debt ceiling which will add additional pressure to the negotiations.

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