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Jun 10, 2008

House Appropriations Committee Schedules Markup On Social Security Budget

The Labor-HHS Subcommittee of the House Appropriations Committee has scheduled a markup session for June 19. This subcommittee has jurisdiction over Social Security's administrative budget or "Limitation on Administrative Expenditures" (LAE). The full Committee markup session is set for June 25. This concerns the budget for fiscal year (FY) 2009, which begins on October 1, 2008.

It is quite unlikely that Congress and the White House will be able to agree upon a budget while President Bush remains in office. The agency is likely to be operating on a continuing funding resolution until February or March of 2009. Still, the process going on now is likely to determine to some extent what is finally adopted next year. It sounds a bit hazy, but it is important.

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