Tis the Season for a Budget Crisis

In order to prevent another government shutdown, Congress must pass a new budget by midnight tomorrow. Republicans, heady with a mid-term victory, are pushing for a more conservative agenda. The House Budget Committee, chaired by Paul Ryan, is pushing for a decrease in spending which will lead to the "path to prosperity" in the below chart.

Congress proposed $1.1 trillion in spending in a bill that was unveiled on Tuesday. This bill would refund EPA's budget, regulate methane emissions  and give Americans living abroad Obamacare. While most government agencies are refunded there are some large cuts. One of the biggest cuts was Michelle Obama's school nutrition program. Under the new budget school would have the option of whiter or not they wanted to participate in the initiative. Many Senators have complied about the complexity of the bill or admitted to not knowing its contents. Republican Tom Coburn said, “Don’t you think we ought to be able to read it? Shouldn’t we know what we’re voting on?”. If the Republicans cannot gain some democratic support this new budget cannot pass. The most likely outcome is a short term spending bill which will prevent government shut down but solve no long term issues.

Here is Real Clear Politics and Politico's coverage of the story.
Here is the House Budget Comittee's Fiscal Year 2015 Budget Resolution.