The House has approved a bill to fund the federal government through the end of September. The $982 billion continuing resolution introduced by Rep. Harold Rogers (R-KY), who heads the Appropriations Committee, would avoid a potential government shutdown on March 27.
Friday's deadline for President Obama to issue a sequestration order is neither the beginning nor the end of this year's budget battles in Washington. Here are five key moments to watch over the next seven months, and what's at stake in each:
By now, it's widely accepted that indiscriminate spending cuts in defense and domestic programs due to start March 1 are likely to occur owing to the failure of President Obama and the Republican-led House to reach an agreement to avoid the budgetary cleaver.
So now, the contest boils down to each side scampering for the higher ground of moral indignation.