House passes 3 week budget extension

This is the last one - bet on it:

A three-week extension of government funding won approval Tuesday from the U.S. House, with Democratic support overcoming opposition by some conservative Republicans.

The 271-158 vote sends the measure to the Senate for consideration before the current government spending authorization expires Friday. Senate Minority Leader Mitch McConnell, R-Kentucky, said Tuesday that he expected it to win approval this week to avert a government shutdown.

McConnell also said that negotiations have started between House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nevada, on a compromise agreement to fund the government for the rest of the current fiscal year, which ends September 30.

According to McConnell, the compromise would come up for consideration before the Easter recess in mid-April.

The White House welcomed Tuesday's House vote and urged the Senate to also pass it to avoid shutdown and provide "some breathing room to find consensus" on funding for the rest of the fiscal year.

Budget hawks are extremely antsy and the tea party caucus is in open rebellion. Marco Rubio penned a scathing article in RedState that left some marks on the Republican leadership in both the House and the Senate.

The Democrats won't even discuss Social Security or Medicare and Obama is AWOL. The cuts that will eventually emerge will not please anyone, especially those who want to get serious about cutting the deficit.

I'd say that the chances right now are less than 50-50 that the continuing resolution funding government through the remainder of the fiscal year will pass and we will have a government shutdown. Too many Republicans who ran on meaningful cuts in the deficit will not vote for a bill that cuts a few measly tens of billions of dollars when the deficit is more than $1.5 trillion.