Subscribe free to our newsletters via your
. Energy News .




POLITICAL ECONOMY
US House to introduce stop-gap budget
by Staff Writers
Washington, District Of Columbia (AFP) Sept 11, 2013


A key US lawmaker introduced a stop-gap funding bill Wednesday to prevent an October 1 government shut-down, acknowledging there is not enough time to pass a yearly US budget.

House Appropriations Committee chairman, Republican Hal Rogers, unveiled a temporary measure that would continue funding for all federal agencies, programs and services after the current fiscal year ends September 30 -- but only until December 15.

The so-called "continuing resolution" would fund discretionary spending -- which excludes some military costs and entitlement program payments like Social Security -- at the annual rate of $986.3 billion.

That figure almost certainly will be contested by Democrats, who charge House Speaker John Boehner is seeking to make automatic spending cuts -- known as sequestration -- enacted earlier this year permanent by not extending funding at the pre-sequester levels.

House Republican leader Eric Cantor said a vote on the measure is expected this week.

Congress has bickered for months over spending levels, with Republicans calling for greater budget austerity, and has been unable to agree on a full federal budget for fiscal year 2014.

"This is not the preferred way of doing the nation's financial work," Rogers conceded in a statement.

"However, given the late date, a continuing resolution is necessary to stop a government-wide shutdown that would halt critical government programs and services, destabilize our economy, and put the safety and well-being of our citizens at risk."

The measure would not cancel the deeply controversial sequester that went into effect in March, but gives a degree of flexibility to certain programs, including border police.

In the absence of a full budget bill, the stop-gap measure will need to be passed by the Republican-led House of Representatives and the Democrat-led Senate by September 30.

If not budget is passed, government doors would be shuttered and non-essential services would grind to a halt -- a potential disaster both parties say they are keen to avoid.

Memories are still fresh in Washington about Christmas 1995, when failed negotiations between President Bill Clinton and the Republican majority in Congress led to a three-week shutdown.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China industrial output growth hits 17-month high
Beijing (AFP) Sept 10, 2013
China's industrial production rose at its fastest in 17 months in August, authorities said Tuesday, the latest in a series of better-than-expected indicators pointing to a pick-up in the world's second-largest economy. The main gauge of output at China's factories, workshops and mines increased 10.4 percent year-on-year in August, the National Bureau of Statistics (NBS) said, the strongest g ... read more


POLITICAL ECONOMY
Time for Investors to Hunker Down

NREL Study Suggests Cost Gap for Western Renewables Could Narrow by 2025

Berlin Senate opposes municipalization of city power grid

Non-Hydro Renewables Triple Output in a Decade

POLITICAL ECONOMY
Researchers find new opportunites for waste heat

Poland anchors energy strategy in coal, shale gas: PM

Philippines mulls removing 'Chinese' blocks at shoal

Shell opens compensation talks over massive Nigeria oil spill

POLITICAL ECONOMY
No evidence of residential property value impacts near US wind turbines

French court rejects planned wind farm near Mont Saint Michel

China to Remain Wind Power Market Leader in 2020

Localized wind power blowing more near homes, farms and factories

POLITICAL ECONOMY
Hydrogen Fuel From Sunlight

New Connection between Stacked Solar Cells Can Handle Energy of 70,000 Suns

Cheaper Chinese solar panels are not due to low-cost labor

Solis Partners Urges N.J. Commercial Property Owners to Apply Now for PSE and G's Solar Loan III Program

POLITICAL ECONOMY
Merkel faces election scrap over German energy shift

Taiwan nuclear power plant progresses amid resistance

Charges dropped against Japan's ex-PM, TEPCO over Fukushima

AREVA completes first major component decontamination in France

POLITICAL ECONOMY
Professor and student develop device to detect biodiesel contamination

More efficient production of biofuels from waste with the help of modified yeasts

European Parliament backs switch in biofuels

Blue-green algae a 5-tool player in converting waste to fuel

POLITICAL ECONOMY
China civilian technology satellites put into use

China to launch lunar lander by end of year: media

China launches three experimental satellites

Medical quarantine over for Shenzhou-10 astronauts

POLITICAL ECONOMY
Insight into marine life's ability to adapt to climate change

Climate at five minutes to midnight: IPCC head

Clock ticking on 2015 climate talks deal: EU commissioner

The potential for successful climate predictions




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement