CDBG Cut by $942 Million; FEMA Cut $80 Million

The final CR will include a total of $1.049 trillion in funding, a nearly $40 billion reduction from fiscal year 2010 levels. This includes the $12 billion in reductions previously approved by Congress and signed into law under the previous three continuing resolutions, as well as nearly $28 billion in additional new spending cuts. For more details and an overview use this link: http://monarchhousing.org/2011/04/12/budget-cuts-detailed/