

SITREP #2: The Truth About CRs, Debt Ceilings, and Government Shutdowns
7 snips Dec 21, 2024
Dive into the complex world of Continuing Resolutions and the federal budget process. Discover why bipartisan compromise is often a challenge and the role the Senate plays in appropriations. Learn about the potential impacts of a government shutdown on families and finances. Explore significant legislation like the Pharmacy Benefit Manager Price Transparency Act and the importance of the farm bill. Uncover the debate surrounding the debt ceiling and how misinformation skews public understanding of political priorities.
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Understanding Continuing Resolutions
- A Continuing Resolution (CR) funds the government temporarily at existing levels.
- CRs are common because Congress struggles to compromise on new budgets.
Budget Negotiations and Compromise
- Bipartisan compromise is necessary for budget approval due to the 60-vote requirement in the Senate.
- Without supermajorities, compromises will always include things some dislike.
The Failed CR Deal
- An initial CR deal, negotiated in secret, fell apart.
- This deal included several good provisions but was ultimately dead on arrival.