Monday, April 11, 2011

A Deal Was Reached!

A deal was reached to extend the deadline a week that will slash $2 billion in spending and housing programs. Lawmakers had to pass the one week bill because the larger compromise hadn't been settled yet. Although exact details are unclear, spending levels will be set at $38.5 billion lower than at the beginning at the year. However, this number includes $12 billion included in three prior short term funding resolutions.
Congressional staffers are now putting the finishing touches on the legislation, and details should be released late tonight.

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