Democrats Leaning Toward Stopgap Funding Bill

With government funding due to expire Dec. 3, House Democrats are leaning toward passing another short-term spending patch that would push a shutdown threat deeper into December Congressional appropriators have been trying to reach consensus over the dozen annual bills that dictate federal spending but are nowhere near a deal, meaning another stopgap spending bill… Read more »

House Begins Debate on BBB Act Today

The House began debate today on the $1.75 trillion Build Back Better Act, with a vote on the package likely tonight or tomorrow. The timing of the vote depends on the Congressional Budget Office’s (CBO) release of the remaining pieces of its cost analysis. Moderate House Democrats have communicated to Speaker Nancy Pelosi (D-CA) that… Read more »

End-Of-Year Stopgap Spending Bill Seems Likely

Congress has a full plate of must-pass legislation coming up, including legislation to fund the government and address the debt limit. Given Democrats’ focus on passing the sweeping $1.75 trillion Build Back Better Act, lawmakers are bracing for a busier-than-usual December. At the end of September, Congress narrowly avoided a government shutdown by passing a… Read more »

Inflation Report Puts White House on Defensive

A worse-than-expected inflation report is complicating the Biden administration’s message that the inflation rate is temporary and driven by supply-chain backlogs resulting from the pandemic. A report from the Bureau of Labor Statistics (BLS) showed prices rose 6.2 percent in October compared with a year ago, which is the largest annual increase in 30 years…. Read more »