NAICU Washington Update

President Signs CR with Money for Pell Shortfall

On September 30, President Bush signed into law the FY 2009 Continuing Resolution (P. L. 110-329), which includes $2.5 billion to help pay down the Pell Grant shortfall. This additional funding for the shortfall will help head off an estimated $6 billion shortfall over three years, and will assure that no grants get cut. (See Week in Review, September 30, 2008)

The resolution keeps all government agencies open and running until March 6, 2009. Next year, the new president and the new 111th Congress will have to complete the FY 2009 process before this resolution expires.

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