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Years of continuing resolutions and defense budgets that are passed months after their due date hamper the industry’s capacity to build up the military’s arsenals quickly, according to representatives from aerospace, ship and defense companies.
Congress should finish its work by passing all annual appropriations measures before adjourning for the November 2016 presidential and congressional elections.
When U.S. Treasury securities come due, the principal is repaid to holders. To do that, Treasury sells new securities of equal or greater value, rolling over the debt. As the
(Archived document, may contain errors) j I 538 September 30, 1986 CHRISTMAS IN OCTOBER WHY REAGAN SHOULD VETO THE CONTINU1,NG RESOLUTION INTRODUCTION In his weekly radio address last Saturday, Ronald Reagan roundly attacked Congress's last minute spending bill, de signed to keep the government operating past the beginning of the new fiscal year starting October 1st; Denouncing the Continuing Resolution as a Christmas tree hung with pet projects,'I Reagan has threatened to close down the government with a veto unles s the bill is changed substantially.