President signs bill extending FY2011 Continuing Resolution until March 18
This afternoon, the President signed a bill extending the FY2011 Continuing Resolution until March 18, 2011, right before Congress begins a one-week recess. The House passed the measure on Tuesday and the Senate followed quickly this morning. The new CR cuts an $4 billion from the previous CR funding level: $1.2 billion by terminating 8 nondefense programs for which no funds were requested or were recommended for termination in the president’s FY2012 budget; and $2.7 billion by eliminating almost 50 earmarked programs and projects (none from the Department of Defense).
The way ahead for finalizing appropriations for FY2011 remains unclear. Few think that 2 weeks is enough time for the Republican-controlled House and the Democrat-controlled Senate to reach final agreement on a bill the president will sign. So, another CR extension is highly probable, possibly until April 15, when Congress is scheduled to leave town for a two-week recess.
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