Congress Passes Republican One Week Stopgap US Budget Measure, Obama Veto Next

Tyler Durden's picture

Flashing headline that Congress has passed the stopgap budget measure. This is not a surprise. What will be a surprise is if the measure first passes the Senate (and they better move quick: 26 hours or so left), and then Obama has to not veto it. Which he has said he will. In other words this is a major non-event for the time being.

From Bloomberg:

The measure, passed 247-181, would cut another $12 billion in spending this year and fund the Pentagon at current levels through Sept. 30. Senate Majority Leader Harry Reid, a Nevada Democrat, called the bill a “non-starter.”

Reid and House Speaker John Boehner, an Ohio Republican, returned to the White House today to meet with Obama for talks to try to avert a shutdown at midnight tomorrow.

Leaders of both parties insist they don’t want a shutdown while they maneuver to avoid blame if one occurs.

An administration statement, in threatening a veto of the short-term House measure, said it would be a “distraction” from the budget talks. Reid said the one-week measure is a sure “way to close the government.”

Boehner called on the Senate to act on the bill.