President Obama on September 30 signed the Continuing Resolution Act, 2012 (HR 2017), which provides fiscal year 2012 appropriations for the IRS and other federal agencies through October 4, 2011. The temporary funding measure will give Congress enough time to pass an additional spending bill that lasts through November 18.
The Senate passed the measure on September 26 after leadership from both parties resolved a dispute over emergency funds needed by the Federal Emergency Management Agency (FEMA) without the immediate need to cut $1.5 billion elsewhere within the government. The House approved the measure by unanimous consent on September 29.
By Paula Cruickshank, CCH News Staff