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Details of Cuts Next for FY 11 Budget Deal

April 11, 2011
By: Roger Bernard, Farm Journal Policy and Washington Editor
 
 

Details of the agreement between the White House and congressional leaders on spending for the balance of the current fiscal year which runs through Sept. 30 will be the next key in the ongoing saga of budget deliberations in Washington.

With hours to spare before a government shutdown ensued last Friday, a budget deal was reached and lawmakers approved another continuing resolution to keep the government operating through Friday, April 15. That allows the agreement reached Friday to be put into legislative form and voted on by both chambers this week. And that work on details is still ongoing -- the House won't even convene until 11 pm ET tonight.

So far, there have been few ag-specific mentions in the information that is known about the deal. One of the programs cut, according to the White House and others, would be the the Crop Insurance Good Performance Rebate. Here's a link to RMA's Federal Register notice on their proposal for the program.

As for general provisions, the plan would call for around $38.5 billion in additional budget cuts compared to what was budgeted for FY 2010 and around $78.5 billion less than President Obama had requested.

The deal drops a provision that would have banned funding for EPA regulation of greenhouse gases on the promise that the measure will get a vote in Congress on its own.

So while the shutdown of the government has been averted, the wrangling over the budget continues in true Washington fashion.


 

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RELATED TOPICS: Policy, Crops, Livestock, Economy

 
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