September 13th, 2010
09:17 AM ET
4 years ago

New year, no federal budget

New York (CNNMoney.com) - On Oct. 1, just three weeks after lawmakers return from their summer break on Tuesday, fiscal year 2011 will begin. But Congress will not have a new budget in place by then. And it may not materialize anytime soon.

It won't be the first time. In fact, tardy federal budgets have been par for the course for most of the past 35 years.

"It's pretty inexcusable even though we excuse it every year. There's no reason on earth why [lawmakers] shouldn't be able to make up their minds before the start of the fiscal year," said Rudolph Penner, a former Congressional Budget Office director who is now public policy scholar at at the Urban Institute.

Without a formal budget, Congress typically ends up passing so-called "continuing resolutions" for a month or two at a time. That essentially prevents the federal government from shutting down while lawmakers finalize how money will be allocated in the fiscal new year.

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Filed under: Budget • CNNMoney.com • Congress • issues
soundoff (10 Responses)
  1. Keith in Austin

    Any wonder why the Democratic-controlled Congress has the lowest approval rating in America's history?

    September 13, 2010 09:26 am at 9:26 am |
  2. Joyce in South Carolina

    I hope they do not include pay raises for Federal government employees. Salaries for Federal employees should be frozen for a few years. Two of my adult children are school teachers and THEY didn't get a raise this year, nor did they get a raise last year..................AND, they spend a lot of their own money for supplies in the classroom.

    September 13, 2010 09:38 am at 9:38 am |
  3. Rick McDaniel

    The Dems have failed at everything......including keeping the government in operation.

    September 13, 2010 09:55 am at 9:55 am |
  4. Chuck, Tennessee

    If you click on the full story, you will see what is wrong with this country – $1.9 trillion collected and $3.2 trillion spent. I understand that some deficit spending is necessary to get out of an recession, but this is ridiculous. VOTE ALL INCUMBENTS OUT AND ELECT PEOPLE WHO WILL NOT MORTGAGE THE FUTURE OF OUR COUNTRY.

    September 13, 2010 09:57 am at 9:57 am |
  5. Enough is Enough

    Good way to further fool the taxpayers about the size of of deficit Mr. president if the truth was known your party would lose even more seats. Real change for the better will come in 2012.

    September 13, 2010 09:59 am at 9:59 am |
  6. Diane

    Too say we're in a recession or a weak ecomomy, you'll never know it according to the last two weekends. Did anyone notice how full the hotels and the football stadiums were? College and Pro teams. I heard no one yielding out where are the jobs. We are not that bad off!
    Thank you Mr. President Obama!

    September 13, 2010 10:24 am at 10:24 am |
  7. jules sand-perkins

    Good idea for liberals this year!
    Convenient, the election and all...yep.

    September 13, 2010 10:27 am at 10:27 am |
  8. Naqib

    The military has been doing an outstanding job... especially the young ones who are in harms way. We need to ensure they are rewarded with a reasonable pay raise this year. The standard 1.9% that the president has been giving doesn't even keep up with inflation... we need to do better by our troops... IMO

    September 13, 2010 10:28 am at 10:28 am |
  9. barry

    The Socialist Party formerly known as Democrats don't want a budget. They want to keep borrowing money from China until they finish ruining this country.

    September 13, 2010 10:39 am at 10:39 am |
  10. Russ

    Obama should do like Clinton did and just shut the government down until the moron Republicans quit saying NO!!! Maybe, just maybe they will wake up and smell the coffee.

    September 13, 2010 10:50 am at 10:50 am |