White House, Congress Seek to Avoid Year-End Shutdown

Congressional leaders and the White House now support a stopgap continuing resolution that would fund the government until at least mid-December – setting up the possibility of another year-end government shutdown if negotiators can’t reach a fiscal 2020 spending agreement in the interim. With the House on recess this week, Congress will have eight days… Read more »

Tax Receipts in 2019 Down $28 Billion

The federal government took in $28 billion less in total tax receipts in 2019 than was initially projected, according to the Congressional Budget Office. The revenue decline may have been influenced by tax changes enacted in Republicans’ 2017 Tax Cuts and Jobs Act but CBO stopped short of saying that definitively. “In short, revenues in… Read more »

Congress Weighs Delaying Spending Talks

Congressional appropriators are weighing whether to extend current government funding into early February to avoid a budget fight during Democrats’ impeachment proceedings. The Senate has been having floor debate on bills to fund the government for fiscal 2020, but the pace of negotiations has been slow. Current short-term funding runs out Nov. 21 and it… Read more »