THE WHITE HOUSE
Office of the Press Secretary
For Immediate Release January 26, 1996
STATEMENT BY THE PRESIDENT
Today I have signed H.R. 2880, the ninth continuing resolution for fiscal year 1996 that I have signed into law.
This bill ensures that the normal operations of Government continue for departments and agencies for which no full-year appropriations bill has been enacted. It provides funds for certain Federal activities through March 15, and other activities through September 30, 1996.
Specifically, H.R. 2880 provides funds, through March 15, for activities that are normally funded in the Commerce, Justice, State, and Related Agencies bill; the Department of the Interior and Related Agencies bill; the Labor, Health and Human Services, and Education bill; and the Department of Veterans Affairs and Housing and Urban Development, and Independent Agencies bill. It also provides full-year funding (i.e., through September 30) for programs in the Foreign Operations, Export Financing, and Related Programs bill, ensuring adequate funds to implement an effective foreign policy that protects vital U.S. economic and strategic interests abroad.
I am pleased that the Congress avoided another partial government shutdown, and I appreciate its bipartisan approach toward this bill. Nevertheless, I regret that the Congress has not sent me acceptable 1996 appropriations bills for agencies that received funding only through March 15. Governing by continuing resolution is not the appropriate way for the Congress to perform its work. Once again, I urge the Congress to work with me so that we can reach agreement on the remaining fiscal year 1996 appropriations bills.
I also urge the Congress to send me a straightforward, full-year extension of the debt limit. If the Congress does not raise the debt limit, we would not be able to meet all of our financial obligations on February 29 or March 1, and would risk not being able to make timely payment of $30 billion of Social Security benefits and other obligations. A default could raise interest rates and impose serious, long-term harm on the economy. The Congress must act without delay.
Finally, I urge congressional leaders to return to our negotiations to seek an agreement on a balanced budget. We should not give up on that goal.
WILLIAM J. CLINTON
THE WHITE HOUSE,
January 26, 1996.
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