Congress Passes Continuing Resolution
On Thursday, September 18th, the Senate followed the House and voted on a temporary spending bill—known as a Continuing Resolution (CR)—that was coupled with an authorization to arm and train Syrian rebels for combat against the Islamic State. Senators then followed the House in leaving town so lawmakers could campaign for their seats ahead of the November election. The CR will expire on December 11, 2014 and fund the federal government at its current FY 2014 levels.
Included in the CR was a nine-month extension for the Export-Import Bank. The extension of the Export-Import Bank’s charter through June 30, 2015, puts off any decisions about the bank’s future until next Congress.