With the federal fiscal year ending next Tuesday, this is what we know:
1. There will be some humongous bailout for troubled financial firms.
2. Congress must approve funding to keep federal agencies and programs running beyond September 30 into the new fiscal year (FY09). That process is in flux.
3. What’s being discussed is a “minibus,” instead of an “omnibus,” of the three national security appropriations bills (Defense, Homeland Security, and Military Construction-Veterans Affairs) and a continuing resolution (CR) to fund agencies and programs covered by the remaining nine appropriations bills. The combined measure would also fund a number of other priorities, such as disaster relief, etc. The minibus of three appropriations bills is expected to run for the entire fiscal year and increase funding for national security agencies and programs above their FY08 levels. The CR, as currently drafted, would run through March 6—and the start of a new Administration and Congress—and freeze funding for most of its agencies and programs at their FY08 levels.
Now of course this could all change.....developing.
Welcome to the federal affairs blog for Texas A&M. We'll try to provide timely updates regarding federal activity in relation to Texas A&M University. This includes the funding outlook for federal agencies of keen interest and policy activities that affect A&M's ability to teach, research and serve the public good.
1 comment:
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