Jan 29, 2007

New Funding Resolution Draft Coming Tonight -- Will SSA Avoid Furloughs?

Today's Wall Street Journal reports that Congressional leaders will release a draft continuing funding resolution tonight. Almost all of the federal government, including Social Security, is operating under a continuing funding resolution, rather than a budget. The current continuing funding resolution will expire on February 15. Congressional leaders have announced their intention to use a continuing funding resolution for the rest of the year, based largely upon the one which will expire on February 15. If unchanged, this continuing funding resolution would probably cause employee furloughs at Social Security. The question is whether Social Security will get additional money.

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