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Congress Averts Another Government Shutdown

Last week, President Biden signed the Further Continuing Appropriations and Other Extensions Act (H.R. 6363) thus preventing a government shutdown. The bill sets two different deadlines for different bills: there is a January 19 deadline for Congress to pass the FY24 Agriculture-FDA, Energy and Water, Military Construction-VA, and Transportation-HUD bills and a February 2 deadline for the remaining eight appropriations bills. The bill does not include any supplemental funding or cuts to existing levels of funding.

So far, the House has passed seven of the 12 annual government-funding bills, while the Senate has passed only three. Congress is on Thanksgiving recess and when they return will have to do significant work into 2024 to meet these two deadlines. Read more about this here.

What Will They Come Up With Next?

After turning back approximately a dozen amendments during the floor debate last night, the Senate adopted by a 63 to 36 vote the debt limit bill, clearing it for the President’s signature later today.  The Treasury Department had been warning that the nation would lose its ability to pay all of its bills next Monday.  The House cleared the bill earlier this week.  

While the fight over the debt limit has become much more partisan and political recently, this year’s fight represents the closest the nation has come to actually defaulting on its debts.

Almost There…

After much back-and-forth and a final round of negotiations last weekend, the White House and House Speaker Kevin McCarthy (R-CA) came to an agreement on a debt ceiling package earlier this week.   Yesterday evening, the House passed the legislation in a bipartisan manner, by a vote of 314 – 117.  The Senate must now take it up.

While its details are still being digested, the package contains the following provisions, among others:

  • a suspension of the debt limit until January 1, 2025 
  • essentially a freeze in discretionary spending for both FY2024 and FY2025 relative to FY2023, the current fiscal year
    • as part of the spending limits for the next two years, the legislation sets separate spending caps on “security” and “non-security” programs for the next two fiscal years
  • a mandatory cut of one percent in discretionary spending if all 12 annual appropriations are not signed into law by January 1 each fiscal year for the next two years
  • prohibition on further extensions of the student loan repayment deferrals– repayments would restart by early September

The legislation also includes a package of recissions, the details of which are still being assessed.  We will share additional information about them as they come to light.

Not surprisingly, there was drama in the House before the floor vote, as some members of the hard-right wing of the House Republicans blasted the deal.  There were questions about whether, procedurally, McCarthy had enough support to even bring the bill to the floor.  

As noted above, the bill now goes to the Senate, where both Majority Leader Charles Schumer (D-NY) and Minority Leader Mitch McConnell (R-KY) urged support for it among their colleagues.

Read more about the developments here, here, and here

President Biden & Speaker McCarthy Set to Meet Tuesday to Discuss the Debt Ceiling

President Biden, Speaker McCarthy, and other congressional leaders are set to meet on Tuesday to discuss raising the debt ceiling amidst the ongoing political standoff and renewed urgency given the Treasury Department’s warning that the government could default on its debt as soon as June 1. House Republicans passed their debt ceiling bill last week that would increase the debt ceiling while cutting federal spending by more than $3.5 trillion over the coming decade. The plan would cut discretionary spending by an average of 18% over the next decade with little detail on which programs would be cut or spared. The New York Times estimates that if defense, veterans’ health, and border security are spared (which has been discussed), the remaining programs would have to be cut by half.  The bill also includes provisions that repeal some of the Biden administration’ priorities including the plan to cancel student loan debt. 

House Democrats meanwhile are calling for an increase in the debt ceiling without conditions (which was done multiple times during the Trump presidency) but the House Republicans claim they will not budge. Tuesday will be the first time in seven months that President Biden and Speaker McCarthy will meet to discuss this issue which will a critical to see if any progress can be made.  

Read more about this here and here.

Graduate Student & Professional Senate Leaders Take D.C.

This week, four graduate student leaders from UW’s Graduate Student & Professional Senate (GPSS) visited Washington D.C. to meet with Congressional staff and advocate for their priorities as graduate students across the country and in Washington specifically. The annual trip to D.C. was put on hold the past few years due to the pandemic, making this year’s visit a great opportunity to reconnect with offices in person and update them on graduate student concerns. The group, which included A.J. Balatico (GPSS President), Kaustubh Yadav (GPSS and SAGE Communications Director), Janis Shin (TABS Chair), and Ella Spurlock (GPSS Exec Senator, Science and Policy Chair), met with 11 of the Washington delegation’s offices where they discussed support for higher education, international students, and research opportunities and advocated for efforts to diversify academic pipelines, ease the visa processes for international students, and expand direct financial support to graduate students.