Accidental Growth

While Congress will inevitably pass a Continuing Resolution to fund the government beyond 9/30/13 when the current CR expires, a key question is at what spending level. If current funding levels are carried into FY14, as is usually the case for short term CRs (but maybe not this time), they would exceed the 2014 budget sequestration limit. This would reduce FY2014 budget cuts and boost growth. Good policy, albeit accidental.