House set to pass spending plan to fund government through March
Source: Washington Post
The House is expected to easily pass a short-term spending plan Thursday to keep government operations funded through March, a move that would signal that the chamber has at least temporarily jettisoned the brinkmanship of last year.
With support from House Republican and Democratic leaders, the legislation is expected to win broad approval and set government spending for the first six months of fiscal 2013 at a rate slightly higher than that of the current fiscal year. The Senate is expected to vote on the plan later next week in what could be the last legislative action before both chambers adjourn for the fall campaign season.
House Budget Chairman Paul Ryan (Wis.), who drafted a budget plan that had almost $20 billion less in spending, is expected to return from campaigning as the Republican vice-presidential nominee to vote in favor of the measure.
Highlights of the legislation include:
● $1.047 trillion in total spending, including an across-the-board spending increase of 0.6 percent over the base rate, higher than the $1.028 trillion limit Ryan set in the House Republican budget passed in the spring.
Read more: http://www.washingtonpost.com/politics/decision2012/house-set-to-pass-spending-plan-to-fund-government-through-march/2012/09/12/7e3d6d50-fce7-11e1-b153-218509a954e1_story.html
Article doesn't mention whether this bill resolves the pending fiscal cliff/taxmageddon issues.
Thom Hartmann had a good debate with a Heritage Foundation analyst on Taxmageddon: