President Barack Obama signed the continuing resolution (CR) approved by both Houses of Congress on Sept. 28, funding the government until spring of 2013.
The stopgap measure funds the government at $1.047 trillion, the figure agreed to during last summer’s Budget Control Act negotiations – which is $8 billion over fiscal year 2012. The measure does not fully fund the recently passed surface transportation reauthorization, however.
Republicans in the House of Representatives agreed to the increase in exchange for having the CR fund the government into the next Congress. Conservatives feared a shorter CR would give Democrats leverage to threaten a government shutdown in post-election “fiscal cliff” talks, when much more money is on the line.