Key Takeaways

  • Congress faces three deadlines: September 27-- promised date to pass infrastructure, government shutdown October 1, and debt ceiling deadline in October.
  • Infrastructure: Speaker Pelosi promised moderate House Democrats a vote on Senate passed infrastructure package by September 27 but some signs now point to a postponement of the vote.
  • Government fiscal year ends on October 1 and without funding legislation, called a continuing resolution (CR), there can be a government shutdown.
  • Treasury Secretary Yellen continues to warn of an October financial crisis when the US hits its debt ceiling and runs the risk of defaulting on payments and limits on new government debt.
    Senate Republicans have made clear they will not support the debt ceiling relief but would likely support a CR if no extraneous provisions area added. Democrats have discussed linking CR and debt ceiling-- a no go for Republicans.
  • Big question in DC: will Republicans filibuster debt ceiling bill, if so passage moves from 51 to 60 votes.

Reconciliation Deadline Approaching

Both the House and Senate return to DC this week with the nation facing both an unprecedented government default, and an all too common threat of a government shutdown.

However, the most immediate issue the House Democra...

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