Inside the House: Clock is Ticking
The clock is ticking. Funds for non-essential government operations will run out on Friday.
The House continues its hard work, which started several weeks ago with the drafting and passage of $61 billion in cuts. Late last week, House Republicans announced they would bring forward a two-week funding measure that would cut $4 billion. This would be the second attempt by the new Republican majority in the House to fund the government and cut spending.
The cuts are contained in this short-term extension come from President Obama’s FY2012 budget, which will make it very difficult for the President and Senate Democrats to withhold support. If the President signs $4 billion in cuts into law, it will rightly be viewed as a victory for conservatives. However, it will be just a small first step on the way toward much larger cuts and reforms.
Also happening this week will be a vote on repealing an Obamacare tax hike, known as the 1099 expensing.