Last week the Congress dodged a government shutdown by passing a Continuing Resolution (CR) that funded the government until December 3. With an October 18 date for a US Government default the Senate passed a $480T increase in the government debt ceiling and the House is expected to pass the increase next Tuesday. While Treasury didn’t give a date when the new ceiling will be reached they indicated it would likely be early December.

Congress tends to respond to emergencies which means that serious talks on government funding and the debt ceiling aren’t likely to resume until after Thanksgiving. In the meantime, it is possible that Congress could pass budgets for some of the key departments such as Defense and HHS in time to remove them from the next government funding showdown on December 3.

The House continues to sit on the $1T bipartisan infrastructure bill that was thrown off the tracks by the progressives to put pressure on leadership and House moderate Democrats to work on the $3.5T Build Back Better (BBB) human infrastructure agenda of the Biden Administration. Speaker Pelosi was forced to renege on her promise to bring infrastructure up for a vote by September 27 has now set a new target date of October 31. However, if the 100 members of the House Progressive Ca...
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