Talk of a government shutdown is heating up. The current continuing resolution funding the government is set to expire on March 4th. Last week, House Republicans passed a bill that would fund the remainder of fiscal 2011 at $61 billion below fiscal 2010 levels. Senate Democrats are balking at the $61 billion in cuts and the president has issued a veto threat.
The following chart measures $61 billion in cuts against the president’s fiscal 2011 estimates for total federal spending, the deficit, and interest on the debt:
Read more $61 Billion in Cuts in Perspective.
Filed under: Politics, US Politics | Tagged: Chuck Schumer, Claire McCaskill, Continuing resolution, Democratic Party (United States), ECONOMIC, Government shutdown, Government spending, John Boehner, republican, United States House Committee on the Budget |