May 11, 1977
Page 14321
CONFEREES REACH AGREEMENT ON FIRST CONCURRENT BUDGET RESOLUTION
Mr. MUSKIE Mr. President, I am pleased to report to the Senate that the conferees on Senate Concurrent Resolution 19, the first concurrent resolution on the Federal budget for fiscal 1978, have reached agreement. The conference report appears on the House side in today's RECORD. I hope the Senate can consider this matter on Friday, May 13 in order to meet the statutory deadline of the Budget Act.
Mr. President, I wish to commend the conferees on the Senate and House sides for their exemplary cooperation in reaching a compromise today. I am very pleased to report that the overwhelming majority of the conferees have endorsed this agreement and we are confident of the adoption of this resolution in both Houses of the Congress. I would note Mr. President that this has been a bipartisan effort with all members of the conference working diligently to achieve the best possible solution in the interest of preserving and promoting the congressional budget process.