Assume the House budget ultimately increases by $4.5 billion to $82.1 billion. The question is what number will it take to make a deal with the Senate in the Regular Session?
Senate Finance is scheduled to vote out its version of the budget on Thursday and take it to the Senate floor next week. I don't know the amount of the budget, but I believe that it will be in the $85 to $87 billion range. The real gap between the Senate and House when the budget gets to conference during the first week of May is likely to be $3 to $5 billion. At this point, it is anybody's guess whether that gap can be bridged by May 30.