Summary
On April 8, 2011, congressional leaders and representatives of the Obama administration announced an agreement to fund the federal government through the remainder of federal fiscal year (FY) 2011. According to reports, the agreement (H.R. 1473) would impose cuts of $38.5 billion compared to FY 2010 funding levels, and would include a 0.2% across-the-board reduction to non-defense discretionary accounts.