Senate Approves FY2014 Budget Framework

From: Isaac Brown, Legislative Counsel
Vol. 13:12
December 19, 2013

Yesterday afternoon, the Senate voted 64 to 36 to approve the bipartisan fiscal year 2014 budget agreement negotiated last week by House and Senate leaders. The measure, which passed overwhelmingly in the House last week, was supported in the Senate by 9 Republicans along with 55 Democrats. The bill is with President Obama for his signature.

While significant, it is important to note that the legislation is not a formal budget, but only sets the parameters of federal spending levels for the remainder of FY2014. Congress now has four weeks to determine the funding levels for individual agencies before current funding expires on January 15.

For more information on the bill, please refer to the summary NASAA provided last week.