The government will shutdown on October 1 unless Congress passes a continuing resolution before then. More drama on the horizon. It is likely that the government will shut down for a few days, since the stakes aren't as high as defaulting on the debt.
"At the same time, they [Republicans and Democrats] face another flashpoint when the current budget expires on Sept. 30, to be replaced either by a 2012 budget or a series of continuing resolutions that would keep the government functioning until an agreement is reached or talks end in a shutdown".
-- From: http://topics.nytimes.com/top/reference/timestopics/subjects/f/federal_budget_us/index.html
"At the same time, this episode has made it more likely that the federal government will shut down on October 1, 2011, perhaps for several weeks. ..we'll see a government shutdown, perhaps a prolonged one, before we get a budget for FY2012."
-- From: http://www.angrybureaucrat.com/2011/07/boehner-gives-up-bizarre-48-hours-in-dc.html
===============
Update: Eric Cantor has taken a shutdown off the table:
http://news.firedoglake.com/2011/08/17/cantor-satisfied-with-level-of-appropriations-for-fy2012-reducing-the-threat-of-government-shutdown/
No comments:
Post a Comment