By Erik Wasson - 09/10/13 04:47 PM EDT
The stopgap continuing resolution, which Speaker John Boehner (R-Ohio) and Majority Leader Eric Cantor (R-Va.) pitched to rank-and-file members Tuesday, would fund agency budgets at a top-line level of $988 billion.
That is about $20 billion higher than the budget caps for 2014, but $70 billion less than the top-line level that Senate Democrats had been seeking.
CAP noted that the Congressional Budget Office has said keeping the sequester cuts in place would reduce gross domestic product by 0.7 percent in 2014 and cost nearly one million jobs.
The stopgap measure is needed to keep the government open after Oct. 1. since none of the 12 annual appropriations bills for next year has passed.
Conservatives are pushing House leaders to condition passage of a funding bill on the Senate and President Obama removing all funding from ObamaCare. Cantor and Boehner have proposed forcing the Senate to vote on legislation to do that, while stopping short of a threat to shutdown the government unless it passes.