–House GOP To Unveil Bill Friday With $6 Billion In Spending Cuts
–House Expected To Vote On Stop-Gap Bill Tuesday
–Senate Democrats Say New FY11 Stop-Gap Bill Is Acceptable
By John Shaw
WASHINGTON (MNI) – House Republicans are unveiling a three-week
stop-gap spending bill to be voted on Tuesday that will keep the federal
government funded until early April.
The House GOP plan will include $6 billion in spending cuts. These
cuts are expected to be acceptable to congressional Democrats and the
White House.
A Senate Democratic aide said he expects the House to vote on the
new stop-gap bill Tuesday and then the Senate will take up the bill.
He said that he does not expect the bill to be controversial in the
Senate.
The current stop-gap spending bill expires a week from today.
The 2011 fiscal year began on Oct. 1 and the government has run on
a series of short-term funding bills.
Most analysts do not expect a quick agreement on the FY’11 budget.
Vice President Joe Biden held one round of talks with key
congressional leaders last week on completing the FY’11, but he has been
overseas all week so the talks have been on hold.
Biden’s talks have been with Senate Majority Leader Harry Reid,
Senate Minority Leader Mitch McConnell, House Speaker John Boehner and
House Minority Leader Nancy Pelosi.
Boehner has said that he does not support expanding the current
talks over discretionary spending in the FY’11 budget, arguing that
broader talks would “muddle” the focus on spending cuts.
Boehner brushed aside the suggestion of several Senate Democrats to
expand the FY11 budget talks into the areas of taxes and entitlements.
“That’s the next budget process,” he said, referring to the coming
debate on the FY’12 budget.
** Market News International Washington Bureau: 202-371-2121 **
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