Appropriations Update

This week, the House and Senate have agreed on a tentative deal on major elements of the fiscal year 2010 budget resolution which includes fast-track procedures for healthcare reform, but would cut $10 billion from the President’s discretionary spending request.

The negotiators plan to hold a formal conference committee meeting next week. In the mean time, behind-the-scenes negotiations will continue today and through the weekend. According to CQ, democratic leaders would like to have the final budget adopted next week as President Obama marks his first 100 days in office.

BIAA will continue to monitor the situation as the Appropriations process moves forward.

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