US budget poised to end with continuing resolutions
Thursday, April 30, 2015
Significance
The budgeting process is where the government determines its fiscal priorities for the following year. However, gridlock in Congress and the deep divisions between the parties has made normal procedure a rare occurrence, and appears set to do so for the fiscal year 2016 federal budget.
Impacts
- Military spending will likely trump deficit reduction within the Republican party.
- Areas of likely agreement include increased funding for 'superbug' resistance.
- Healthcare funding would require quick congressional action in the event of an adverse Supreme Court decision.