That’s how many days lawmakers have to reach a budget deal averting a government shutdown.
The new fiscal year begins Oct. 1.
House Republican leaders are planning a vote later this week on a stopgap funding measure that would pay for government operations through Dec. 15, while also permanently withholding funding for President Barack Obama’s health-care overhaul, Bloomberg’s Roxana Tiron and Roger Runningen reported yesterday.
The Republican-led House plans a vote later this week on the temporary spending measure, which has no chance of becoming law because Obama and the Democratic-controlled Senate oppose repealing the health law.
Federal agencies “should be updating their plans for operations in the absence of appropriations,” Sylvia Burwell, director of the White House Office of Management and Budget, said in a Sept. 17 memo.
Obama and Republicans also are at odds over how to raise the nation’s $16.7 trillion borrowing limit. Some House Republicans are pushing for a one-year delay in the health-care law as part of any effort to raise the debt ceiling. Senate Republicans “haven’t formed a strategy for what they want in return for their votes,” Bloomberg’s Kathleen Hunter and Richard Rubin reported yesterday.
A government shutdown and failure to raise the debt limit “could have very serious consequences for the financial markets and for the economy,” Federal Reserve chairman Ben Bernanke said at a press conference yesterday.