President Barack Obama’s budget office is urging federal departments and agencies to begin preparations for a possible government shutdown in less than two weeks.
Sylvia M. Burwell, director of the Office of Management and Budget, issued a 16-page memo yesterday directing agency executives to begin preparing for a “lapse in appropriations” for the new fiscal year that begins Oct. 1.
The Obama administration wants to avoid a government shutdown and is prepared to work with Congress to fashion a temporary extension of funding to give time to lawmakers to work out a long-term budget deal to fund the government for fiscal 2014, Burwell said.
“The administration does not want a lapse in appropriations to occur,” she said. “However, prudent management requires that agencies be prepared for the possibility of a lapse.”
To contact the reporters on this story: Roger Runningen in Washington at [email protected]
To contact the editor responsible for this story: Steve Komarow at [email protected]
47:50
Sept. 17 (Bloomberg) -- Treasury Secretary Jacob J. Lew talks about U.S. economic conditions and the debt ceiling. Lew, speaking at the Economic Club of Washington, warned Congress against waiting to increase the debt limit and said the administration wouldn’t accept an agreement that defunds or delays President Barack Obama’s health-care law. David Rubenstein, co-chief executive officer of Carlyle Group, moderates. (Source: Bloomberg)
55:04
Sept. 17 (Bloomberg) -- Douglas Elmendorf, director of the Congressional Budget Office, presents the CBO's annual long-term budget outlook at a news conference in Washington. (Source: Bloomberg)
Sylvia M. Burwell, director of the Office of Management and Budget, issued a 16-page memo yesterday directing agency executives to begin preparing for a “lapse in appropriations” for the new fiscal year that begins Oct. 1.
The Obama administration wants to avoid a government shutdown and is prepared to work with Congress to fashion a temporary extension of funding to give time to lawmakers to work out a long-term budget deal to fund the government for fiscal 2014, Burwell said.
“The administration does not want a lapse in appropriations to occur,” she said. “However, prudent management requires that agencies be prepared for the possibility of a lapse.”
To contact the reporters on this story: Roger Runningen in Washington at [email protected]
To contact the editor responsible for this story: Steve Komarow at [email protected]
47:50Sept. 17 (Bloomberg) -- Treasury Secretary Jacob J. Lew talks about U.S. economic conditions and the debt ceiling. Lew, speaking at the Economic Club of Washington, warned Congress against waiting to increase the debt limit and said the administration wouldn’t accept an agreement that defunds or delays President Barack Obama’s health-care law. David Rubenstein, co-chief executive officer of Carlyle Group, moderates. (Source: Bloomberg)
55:04Sept. 17 (Bloomberg) -- Douglas Elmendorf, director of the Congressional Budget Office, presents the CBO's annual long-term budget outlook at a news conference in Washington. (Source: Bloomberg)