Debt Ceiling Deadline Sooner Than Expected

Congress has about six weeks to raise the debt ceiling, a faster-than-expected timeline attributable to the new tax law, according to the Congressional Budget Office (CBO). If the debt limit is not raised by the first half of March, “the government would be unable to pay its obligations fully, and it would delay making payments… Read more »

GOP Divided on Next Stopgap Funding Bill

Rank-and-file GOP lawmakers are reluctant to support another short-term spending bill, which Republican leaders say could fund the government for another month or possibly deeper into March. With negotiations having stalled on a longer-term bill that would raise budget caps for defense and domestic spending, GOP leaders say a fifth stopgap spending bill is needed… Read more »

Trump’s FY19 Budget Delayed

President Trump’s fiscal 2019 budget request will be sent to Congress a week later than anticipated due to time lost during the recent government shutdown, according to the Office of Management and Budget (OMB). “The shutdown came at a very critical time and therefore we have to slip to at least the 12th [of February],”… Read more »

Senate Dems May Drop DACA in Budget Deal

Senate Democrats have signaled they may be open to a two-year agreement to lift budget caps on defense and domestic spending without a fix for the Deferred Action for Childhood Arrivals (DACA) program that the White House is ending. Protection for so-called “Dreamers,” the undocumented immigrants brought to the U.S. as children, was a key… Read more »

Stopgap CR Delays Cadillac Tax

The stopgap spending deal reached by Congress on Monday ended the brief government shutdown, but also delayed three Affordable Care Act (ACA) taxes. While funding for the Children’s Health Insurance Program (CHIP) was a key negotiating point in discussions to reopen the government, the continuing resolution (H.R. 195) passed by the House and Senate Jan…. Read more »