House and Senate Approve FY08 Budget Resolutions
News Date April 02, 2007
Both the House and Senate approved their FY08 budget resolutions which include a "reserve fund" for the 2007 farm bill. The congressional budget resolution is not signed into law and serves as a blueprint for the individual congressional appropriations and authorizing committees. The Senate budget plan was approved March 23 and allows a $15 billion increase in farm bill funding above the current budget baseline between 2008 and 2012. The House budget proposal provides $20 billion over five years in additional spending authority. This money must be off-set by spending reductions in other areas. (Contact: Charlie Ingram)