GM 13-112

Senate Approves Bipartisan Budget Agreement

On December 18, 2013, the Senate passed H.J. Res. 59, the budget resolution by a vote of 64-36. Nine Republicans voted in support of the resolution along with all 53 Democrats and two independents. H.J. Res. 59 was approved by the House on December 12, 2013 by a vote of 332-94. The resolution will now be sent to President Obama who is expected to sign it.

As previously reported in our GM 113-111 (December 16, 2013), the budget resolution sets the overall spending levels for FYs 2014 and 2015. H.J. Res 59 sets top-line spending for fiscal 2014 at $1.012 trillion and $1.014 trillion in fiscal 2015. This action sets the stage for the work of the Appropriations Committees which have already begun steps to develop a spending package for FY2014. Currently, the federal government is being funded under a continuing resolution which expires on January 15, 2014.

Senate Appropriations Committee Chairwoman Mikulski (D-MD) anticipates an appropriations schedule whereby the House completes its work by January 10, 2014, and the Senate takes up the appropriations measure by January 13.

If we may be of further assistance regarding the budget agreement, please contact us at the information below.