Thursday, July 26, 2012

Republicans Are Considering $1.05 Trillion Stopgap Bill

Some Republican lawmakers who have insisted on deep budget cuts said they will agree to a $1.05 trillion stopgap measure to fund the U.S. government.
Senator Jim DeMint, a South Carolina Republican, said he and other Tea-Party backed Republicans would back the $1.05 trillion measure to fund the government for about six months into fiscal year 2013 even if it means agreeing to higher spending levels.
“Republicans don’t want to shut the government down, particularly conservatives,” DeMint said today in an interview.
Representative Jim Jordan of Ohio, chairman of the Republican Study Committee, said he would support such a measure even if the group proposed government spending at less than $1 trillion.
The Republican-led House and the Democratic-led Senate face the inevitable prospect of extending government funding through a stopgap measure, known as a continuing resolution, because Congress hasn’t agreed on any spending bills for the 2013 fiscal year that starts Oct. 1.
Senate leaders have pressed for a $1.05 trillion funding level, which was agreed to under last year’s legislation known as the Budget Control Act to increase the nation’s debt ceiling. House Republicans have demanded less spending that amounts to an additional $19 billion in cuts in discretionary spending, woven into their annual budget.
Six-Month Measure

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