Thanks to some all-night sessions, Congress has adjourned until next year, having completed work on all but one of 13 appropriations bills. Hearings are being held by the House Ways and Means Committee and the Senate Finance Committee on economic growth packages, with little else scheduled. Congress is due to reconvene briefly on January 3, but will recess again until January 21.
The action on the budget for fiscal year 1993, which begins on October 1, 1992, is now at the other end of Pennsylvania Avenue. Departments, agencies, and the Office of Management and Budget are in the midst of assembling the budget request for FY 1993. The executive branch maintains an almost total blackout on any official or unofficial news about what is being requested, much less what will be in the new budget.