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Feb 23, 2009

House Version Of FY 2009 Budget Out

David Obey, the Chairman of the House Appropriations Committee, has released the Chairman's Mark, that is his recommended version, of the 2009 Fiscal Year (FY) appropriations bill. The amount for Social Security is $10.5 billion. This is for the fiscal year that began on October 1, 2008. Social Security has been working under a Continuing Resolution (CR) so far this FY. The CR funds the agency at the prior year's rate, despite the effects of inflation and increased workloads.

President Bush's recommended budget for Social Security for FY 2009 was $10.3 billion. Even after the election, advocacy groups were hoping for only $10.4 billion! The FY 2009 appropriation is in addition to the $500 million special appropriation for Social Security in the American Recovery and Reinvestment Act.

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