On Monday evening, appropriators from both chambers of Congress released the text of the 2014 Omnibus Appropriations bill, a piece of legislation that establishes the federal government’s discretionary spending for the rest of the fiscal year. For the first time in several years, every area of the federal government will be funded through a regular appropriations bill and not a continuing resolution (CR). The December passage of the Bipartisan Budget Act established an overall FY14 discretionary spending level of $1.012 trillion dollars, but House and Senate Appropriations Committees still had to determine what the specific spending levels for federal financial aid programs (and all other federal programs and agencies) would be.
You have selected premium content. Please log in to access this content.
Forgot your password? Click here.
Don't have a myNASFAA account? Create yours now. You don't need to be a NASFAA member.
Open the doors to success for yourself and for your students! Join NASFAA and receive full member access to premium content.
Request free trial access to the website and Today's News.