The ‘continuing resolution’, Edsplained (VIDEO)

Congress and the White House aren't expected to cut a deal by the end of the week to avert "sequestration."

But House Speaker John A. Boehner (R-Ohio) and Senate Majority Leader Harry M. Reid (D-Nev.) could strike a deal to stop, or at least tweak the automatic spending cuts in time for the next major deadline at the end of March.

By March 27, Congress will need to pass another continuing resolution, or "short-term spending plan," or stopgap "spending resolution." Whichever term you choose, it's a congressional gimmick that could help Washington avert draconian spending cuts.

So what is a continuing resolution? Watch our "Edsplainer" below, or here:

Follow Ed O'Keefe on Twitter: @edatpost

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