Wednesday, April 15, 2009

House and Senate Pass Respective Budget Resolutions

April 3, 2009—Yesterday, the House of Representatives and the Senate passed their respective FY2010 Budget Resolutions, paving the way for Congressional leadership to work on a final resolution. The House vote was 233-196 and the Senate vote was 55-43; both votes were divided largely along party lines. The budget resolution provides only a rough outline of funding areas, though it does deal specifically with all the programmatic funding levels.

The House resolution provides $533 billion for non-defense discretionary funding, with $88.7 billion in discretionary funding for the Function 500 account for Education, Training, Employment, and Social Services. The Senate resolution provides $525 billion for non-defense discretionary funding, with $89.4 billion in discretionary funding for the Function 500 account for Education, Training, Employment, and Social Services. Both resolutions set a Pell Grant maximum level of $5,550 in FY2010 and include a deficit-neutral reserve fund to allow for Pell Grant increases in line with those proposed in President Obama’s budget.

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