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Publication Date: August 2004
Publisher: Library of Congress. Congressional Research Service
Author(s):
Research Area: Banking and finance
Type:
Abstract:
In four of the past five fiscal years (FY2000, FY2001, FY2003, and FY2004), Congress and the President brought action on the regular appropriations acts for the fiscal year to a close by incorporating unfinished acts into an omnibus appropriations measure. Each of the four omnibus acts included an across-the-board spending cut to offset part of the measure's cost. Media reports indicate that an omnibus appropriations may be used to conclude the regular appropriations cycle for FY2005.