President Obama's Spending Plan is Revealed - Looks Favorable
Wednesday, February 16, 2011
A few days ago, President Obama presented his 2012 spending plan that undoubtedly will face at least 40 congressional committees, two doze subcommittees, and an indefinite amount of hearings and votes in Congress. His goal is to get the finding in place for the federal government when fiscal year of in 2012 kicks off on October 1st. At the present time, the only budget that the federal government is running on is a "continuing resolution" with expires in less than 3 weeks. By then, there will have been countless debates in Congress, and hopefully there will be an agreed budget in place so that the Federal Government will not be shut down. Both the Senate and House will also submit their resolutions, and eventually a budget will be passed. At the present time, it looks as if it is in the President's favor and the budget may pass. There appears to be bi-partisan support as of this moment in both sides of Congress, so this may be a good indication for the President. If the budget passes with little opposition, then President Obama will have won another contentious battle with a very split Congress.
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