Congresspedia Preview: This Week in Congress (Feb. 29 - March 7, 2008)
The House and Senate will begin laying the groundwork for the 2009 federal budget this week, with proposals coming from the Senate Finance Committee and from the House and Senate budget and appropriations committees. Also this week, a compromise might be reached on electronic surveillance, with some saying a bill could head to the President by the end of next week.
The budget proposals — to be unveiled on Wednesday — are produced with two separate frameworks: each resolution is non-binding, but includes policy priorities in “reserve funds” and “reconciliation” instructions. Reconciliation instructions are provided to authorizing committees, which then produce a set dollar amount to fund policy priorities based on spending and taxation. The reserve funds, on the other hand, must follow “paygo” rules, and be offset by revenue increases or spending cuts.
Bush Administration officials have already threatened a veto for any budget proposals that exceeds the president' spending goals.
More on FISA, ethics reform, consumer protection and the week's committee schedules below...