Congress Passes Continuing Resolution, Adjourns till November

Last night, the Senate and House passed the continuing resolution which will fund the federal government till December 3rd. The new federal fiscal year is slated to begin on October 1st, but the continuing resolution will fund most programs at FY2010 levels. Although, the total funding provided in the resolution is $9 billion less than the total appropriated level in FY2010. After passing the continuing resolution, Congress adjourned until after the fall elections. Congress is scheduled to return for a lame-duck session starting on November 15th. Congress will need to move the appropriations bills to fund the federal government for the duration of the federal fiscal year.