Congress Passes Budget Bill to Avert Fiscal Crisis
The House showed a surprising bipartisanship when it passed a short-term budget bill that was designed to fund the government through the end of September. They passed the measure six days before the federal government is set to shut down.
The bill was passed in a bipartisan vote of 318-109. It originated in the House but was amended by the Senate. It will now go to President Obama’s desk for his signature. It didn’t require 11th hour negotiations to avoid a government shutdown and prevent a fiscal crisis.
Both parties will now move forward over talks about their full year budget proposals and negotiations of increasing the debt limit that is needed to be acted on this spring. Before passing the short term budget bill, House Republicans passed their 2014 budget proposal. It contained the overhaul of the Medicare program and balances the budget over the next 10 years.
Democrats are against this plan and expected to pass their own budget proposal in the Senate by the end of the week. Their plan will repeal the sequester and get $1.85 trillion worth of savings over 10 years via spending cuts and tax revenue increases.
Both parties maintained they are serious about passing a full year budget. Democrats and Republicans are expected to get serious with the negotiations after the two week recess. Observers expect both parties to keep on lambasting each other.
Analysts are still skeptical whether the willingness of the Republicans to act with the Democrats is the product of President Obama’s recent charm offensive. Recent polls showed that Congress’ inability to work with each other has made them unpopular with the voters.
More than 70 percent of voters want Democrats and Republicans to reach a compromise on the budget battles, such as the sequester and spending cuts. This is according to a poll made by CBS News.