Late Friday evening, Congress and the White House arrived at an agreement for a budget for the rest of fiscal year 2011. The deal includes $38 billion in spending cuts in FY11. To allow Congress to complete work on the final budget bill, the House and Senate passed, and the President signed early Saturday, a Continuing Resolution to fund the government through this Friday, April 15.
The final formal budget bill, with all the details about how the $38 billion in cuts will be distributed, will be revealed in the next few days. Lawmakers in both houses of Congress will then vote on the bill, and send it to President Obama for his signature. Depending on the details of the bill the laboratory might know its FY11 budget situation quickly, or it may be some time before the specifics at the laboratory level are known.