Washington Updates

Bipartisan Senate Deal to End Federal Shutdown and Raise Debt Limit

October 16, 2013

After weeks of drama, Senate leaders today announced a bipartisan deal to end the federal government shutdown, address the debt limit and send the House and Senate dueling FY14 Budget Resolutions to conference.  While the timing remains unclear, it seems likely the Senate will vote on the measure this evening, followed at some point tonight by the House and then to the President for his signature.  It is not yet clear when the federal government will reopen since the timing is difficult to predict, but it may be as early as tomorrow.   

Federal Government Open, Underlying Issues Unresolved

October 21, 2013

With the latest fiscal showdown over, the dust is beginning to settle in Washington and the federal government is returning to normal operations.  Very late last Wednesday night, lawmakers approved and the President signed a Senate-formulated deal to fund federal agencies and avoid default. On an 81-18 vote, the Senate passed the package that funds the government at Fiscal Year 2013 levels through January 15 and suspends the debt ceiling until February 7; the House followed suit, passing the measure 285-144.

New Report Highlights Harvard Companies Created from Federally Funded Research

February 1, 2013

A new report released by The Science Coalition, an advocacy organization, illustrates one of the many returns on investment of federally funded scientific research: the creation of new companies. In Sparking Economic Growth 2.0, three Harvard companies are highlighted among 100 companies that trace their roots to federally funded university research and its role in bringing transformational innovations to market, creating new jobs and contributing to economic growth.

Murray and Ryan Reach Small Budget Deal Partially Alleviating Sequester

December 11, 2013

Last night, budget conference co-chairs Sen. Patty Murray (D-WA) and Rep. Paul Ryan (R-WI) finalized an agreement for the fiscal year that began October 1. The deal, though not a complete elimination of sequester, provides two years of partial relief from sequestration, while also setting top line discretionary spending levels this fiscal year and next. The deal still has to be approved by the full Congress.

Senate Approves Murray-Ryan Budget Deal, Now Goes to President for Signature

December 18, 2013

The Senate today approved the budget deal formulated by Sen. Patty Murray (D-WA) and Rep. Paul Ryan (R-WI) on a 64-36 vote. All Democrats, the Senate’s two Independents, and 9 Republicans voted in favor. The House passed the measure last week, so it now goes to the President, who has said he will sign it into law.

Bipartisan Omnibus Spending Bill Finalized

January 14, 2014

Late yesterday, House and Senate appropriators released a $1.012 trillion omnibus funding bill for FY14 that provides defined spending levels and program priorities for the current fiscal year. The legislation was made possible by the Murray-Ryan lead bipartisan budget measure that passed in December and opens the door to restoring some level of order to the federal budget process over the next year.