Tuesday, April 12, 2011

BUDGET: Cuts, Deals, and 2am Releases

In the wee hours of the morning, the House of Representatives released a six-month spending bill which showed where last weeks budget pact cut, what it didn't and what it cost both parties to avert a government shutdown.

Who lost:
-the EPA (cut about $1.6 billion below last year's funding, although Republicans wanted the cut to be around 3$ billion)
-the DHS (first time ever their appropriations are going down)

Who didn't exactly lose:
-President Obama came out with more money to put into his education and Wall Street reforms ("Race to the Top" was promised 700$ million in new money)
-AmeriCorps survives
-NSF recieved 6.9$ billion (307$ million more than the House proposed)


Who gained:
Securities and Exchanges AND Commodity Futures Trading saw slight increases
DOD got 513$ billion in full year funding (about 2$ billion more than fiscal year 2010, but less than what the Republicans proposed)

The CR was released at 2am so experts are still looking through it for more exact changes.  When they find out, we find out- so keep coming back!

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