President Obama signed into law the $26 billion jobs bill, which contained funding for the FMAP extension. As previously written about here, the FMAP is the matching funds the federal government provides states to operate Medicaid. This means that Colorado lawmakers will not have to make an estimated $200 million in cuts that would have happened if the FMAP had not been extended. If and when the state will have to make future cuts will become more apparent as 2010 rolls along. The next budget revenue forecast will be released September 20th. With the passage of this bill, Congress is now on recess until the middle of September, so things should be relatively quiet at the federal level. That being said, with primary election results being decided yesterday, stay tuned for the campaigning fun to begin!