In his last post, my research colleague Chris Hellman explained where we are in the annual federal budget process. He noted that President Obama released a budget in February; the House passed a very different budget in March; and the Senate has declined to do a budget. The seeds are planted for stalemate this election year, Chris wrote. If Congress cannot pass a budget for President Obama to sign by Oct. 1 – which is the start of fiscal year 2013 – then lawmakers will have to pass temporary spending legislation, called continuing resolutions, to fund the federal government.
Why can't ...
