At Stake in Showdown Over 2013 Spending: a possible shutdown
April 19, 2012
A showdown is brewing between the House of Representatives and the White House that, if not resolved, could lead to a government shutdown this fall.
On Wednesday, the Office of Management and Budget's acting director Jeffrey Zients told a top House lawmaker that President Obama will veto any 2013 spending bills that cut agency budgets below levels set in last year's Budget Control Act.
The law caps 2013 spending at $1.05 trillion. But a House-passed budget resolution caps spending at $28 billion less than that.