Sep 11, 2012

Continuing Resolution Introduced In House

     A Continuing Resolution (CR) has been introduced in the House of Representatives to fund government operations, including the Social Security Administration, through March 27, 2013. The House Appropriations Committee summary indicates that the operating budget of almost all federal agencies, including Social Security, will be reduced by 0.6% from the current Fiscal Year (FY) which ends on September 30, 2012.
     The CR itself in § 115(b) says that:
Of the amount made available by section 101 for ‘‘Social Security Administration—Limitation on Administrative Expenses’’, $483,484,000 is additional new budget authority specified for purposes of subsection 251(b)(2)(B) of the Balanced Budget and Emergency Deficit Control Act of 1985.
     I don't know what this means.

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