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Mar 3, 2011

Threat Of Government Shutdown Has Not Passed

I have been writing a good deal about the threat of a government shutdown. The President has signed a bill that extends the Continuing Resolution (CR) that is currently funding the Social Security Administration and other government agencies. This is good news. Without it, there would be a government shutdown beginning at 12:01 Saturday morning.

The problem is that this CR only lasts for two weeks. We now start the countdown to a new deadline of midnight on March 18. If there is no agreement by then, there will be a government shutdown.

This CR was passed because Republicans and Democrats found some budget cuts that were low hanging fruit, items they could quickly agree upon. There may be no more low hanging fruit. We are still on a collision course that may result in a government shutdown in the near future.

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