Question: Is there an economic price to pay for passing short-lived federal budget resolutions?
Bob Rauch, R.A. Rauch & Associates
YES: Congress always misses the Oct. 1 deadline, resulting in a series of continuing resolutions (CRs) to fund the federal government in the interim. Contentious debate regarding the composition of the CRs creates regular uncertainty. Simplicity makes the prior year’s funding level the most practical option. While not how I handle our business, budgeters who dislike that formula would have added incentive to negotiate a new budget agreement rather than passing short-lived federal budget resolutions.
For the full article by Contact Reporter, Roger Showley, click here