CAPITOL HILL: Hours after a House Armed Services Committee on sequestration elicited bitter laugh after bitter laugh from a roomful of observers while the two sides threw figurative spitballs at each other, the Senate almost, but not quite, passed a Continuing Resolution to keep the U.S. government funded for another six months.

Sen. Daniel Inouye, the chairman of the Senate Appropriations Committee (and head of the defense subcommittee) told his esteemed colleagues on the Senate floor that he supported the bill, “even though it is far from perfect.” How bad is it? “In fact, I would say that it is not a particularly good bill, but passing it is much better than allowing the Government to shut down over a lack of funding.” Keep reading →