LAST CUT IS THE DEEPEST: Final FY 2011 Spending Agreement Cuts Spending by Nearly $40 Billion, Includes More Cuts for Education ProgramsFinal Fy 2011 Spending Agreement • April 19th, 2011
After months of negotiations, House Republicans, Senate Democrats, and the White House finally came to an agreement on a long-term continuing resolution (CR) that establishes final spending levels for Fiscal Year (FY) 2011, which officially began more than six months ago. Under the CR, named the Department of Defense and Full-Year Continuing Appropriations Act, which the president signed into law on April 15, federal spending was cut by nearly $40 billion, compared to FY 2010.1
