Policy Priorities

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BUDGET WATCH: THIS WEEK...

February 1, 2013

Yesterday the Senate voted on a bill to suspend the debt ceiling through May 18, which the President is then expected to sign shortly. The House had passed the legislation and sent to the Senate last week. Without the bill, the government would have defaulted on its obligations by as soon as mid-February. By delaying the debt ceiling deadline, we now expect there will be more discussion in Congress this month about whether and how to stop the across the board spending cuts (“sequestration”) that are scheduled to go into effect on March 1. These cuts would affect both Pentagon spending and “ non-defense discretionary” spending, cutting deeper into education and early childhood investments such as Head Start, that provide critical supports to children and low income families. Congress must also reach a deal on funding for the remainder of FY 2013, as the current continuing resolution expires on March 27.

Stay tuned! We will ask you to join us for a national call-in day on February 11th to remind members of Congress to Be Careful What They Cut. We know cutting children from the budget now will cost us all more later. With 16.1 million children still living in poverty, and many low income families struggling to stay afloat, we need to protect and strengthen the investments we know work: Medicaid, SNAP, early childhood, education and others. Investing in our children today is not only the right thing to do, it’s the smart thing to do – creating jobs for their parents, and promoting long term economic growth for America. Download CDF’s Budget Principles and join us in reminding Congress to Be Careful What They Cut.

Click here to view past Budget Watch updates.