Budget
January 19, 2018
Shut Down Likely
At midnight tonight, the Continuing Resolution passed in December 2017 will expire. Presently, it does not look like Congress will be able to agree on a short or long term funding solution, and a shutdown is highly likely. Agencies are circulating memos advising staff how to proceed in the high likelihood there is a shutdown…
December 8, 2017
Shutdown Averted… For Now
Both chambers of Congress cleared yesterday another short-term spending package that would keep the government funded through December 22. The old spending agreement ends at midnight Saturday. Although the government remains funded for another two weeks, there still is no agreement on many of the unresolved issues that will need to be addressed before a final package…
October 30, 2017
This Week: CHIP and Taxes
The House and Senate are back this today for what will be the long slog until Thanksgiving. There’s a ton of to-do items on the agenda, including tax reform, raising the debt ceiling, FY 2018 appropriations, the annual National Defense Authorization Act (NDAA), and the list goes on. The focus for the House this week…
October 20, 2017
Budget and Taxes
The Senate passed its FY 2018 budget by a vote of 51-49 on last night. The passage is a key step to Republican hopes of creating and passing any tax overhaul measure through Congress along party lines in the coming months. Senator Rand Paul (R-KY) was the lone Republican dissenter. Behind the scenes, GOP leaders have already hammered…
October 17, 2017
Senate Begins Debate on Budget Resolution
The Senate has begun its floor debate on the FY2018 budget resolution. As mentioned previously, although usually used to determine parameters of federal spending, this year’s package contains a set of procedures that would enable the chamber to adopt a tax package by a simple majority. With all Democrats expected to oppose it, one Republican…
October 16, 2017
Senate Expected to Take Up FY2018 Budget Resolution
The full Senate is expected to take up this week its FY2018 budget resolution. The House cleared its version earlier this month. While the budget resolution usually lays out the budget parameters for a given year, the primary goal of the FY2018 budget resolution is to set up for procedures that would allow Republicans to pass a…
October 10, 2017
More Disaster Relief; Tax Reform Slowly, Slowly
It’s getting expensive to deal with disaster relief. Going first, the House is scheduled to vote this week on the second installment of hurricane relief aid. While the Trump administration requested $29.3 billion, lawmakers have been busy trying to add to the total. Texas lawmakers want an extra $18.7 billion for victims of Hurricane Harvey, which…
October 5, 2017
House Passes Budget
House Republicans passed budget legislation today that sets the stage for an ambitious tax bill that they plan to pass. The House measure includes language that would allow the Senator to pass a tax measure without invoking cloture. The Senate is proceeding on a separate track toward passing its own budget, which will have to be…
October 2, 2017
Budget? Budget?
The Senate Budget Committee will take its first steps on a framework for federal spending and tax cuts in FY 2018 this week. The Senate Budget Committee released its FY 2018 draft resolution on Friday that would establish the path for consideration of revenue, spending, and other fiscal legislation. Senate Committee will debate overall limits on discretionary…
July 19, 2017
Busy Day Expected Today
Both House Appropriations and Budget Committees are expected to be busy today. The Budget Committee is scheduled to take up its FY2018 budget resolution today and the committee action is expected to last for most of the day. While the budget resolution is not law, it will serve as a fiscal blueprint for FY2018. Among the…
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