Angus King Pushes Two-Year Federal Budgets
WASHINGTON — At a hearing of the Senate Budget Committee, U.S. Sen. Angus King of Maine, a former two-term governor, urged Congress adopt biennial budgeting.
He says there are several advantages to two-year budgets over the current budgeting process.
"Both give more stability to the funding process but also allow the Congress to do more vigorous oversight, which I think everyone believes would be in the best interest of the country," King says.
The panel is looking at ways to improve the federal budgeting process that has broken down in recent years, with continuing resolutions and short-term funding instead of yearly budgets that allow for better planning and contracting.