FY 2024 Appropriations Concludes; Government Funded Through September
At the end of the week, Congress passed a sweeping $1.2 trillion spending package, steering the United States government clear of a looming partial shutdown. The passage of this budget agreement not only underscores the complexities of contemporary American politics but also signals significant repercussions within the political landscape, particularly within the House of Representatives.
Fiscal Cliffhangers: The Battle Over FY2024 Spending and the Road to FY2025
Congress is yet again staring down the barrel of a government shutdown. With the upcoming deadlines to pass the necessary appropriations bills or a new Continuing Resolution looming, Congress must also contend with the approaching FY2025 appropriations process. Here is a look at where FY2024 appropriations stand and what it means for the next fiscal year.
Congress Passes Yet Another Stopgap Spending Bill
In a 314 to 108 vote on January 18, 2024,, the House of Representatives passed another stopgap spending bill sending it to President Biden’s desk and averting a government shutdown.
Congress Avoids 2023 Funding Lapse; Sets Up Early 2024 Funding Showdown, But Funds Farm Bill For One Year
Congress has passed a stopgap bill to keep the government open, putting Congress on a path to avert a shutdown this Friday and setting the stage for a broader funding fight in the new year.
Congress Avoids Yet Another Spending Deadline
After months of internal fighting, Congress has passed a stopgap bill to keep the government open, putting Congress on a path to avert a shutdown this Friday and setting the stage for a broader funding fight in the new year. It now heads to President Joe Biden’s desk, where he is expected to sign the legislation tomorrow evening.
Shutdown Showdown: Ukraine, Israel, and Everything in Between
Congress is staring down yet another deadline for avoiding a U.S. government shutdown. This will likely require Congress to approve a short-term spending bill by November 17, giving lawmakers more time to negotiate on the 12 appropriations bills to fund federal programs through September 30, 2024.
Government Shutdown Averted in ‘Clean’ CR Until Nov. 17
A government shutdown was avoided with hours to spare Saturday evening after House Speaker Kevin McCarthy (R-CA-20) changed course and put forward a continuing resolution (CR) that funds the federal government at current levels until November 17 and extends authorization of the FAA until December 31.
Potential for Government Shutdown Increases: How We Got Here & What You Should Know
The ongoing budget and appropriations negotiations paint a picture of political uncertainty, internal party strife, and the looming threat of a government shutdown. The dynamics of these negotiations reveal the challenges of achieving consensus in a deeply divided political landscape. The implications of a shutdown are far-reaching, affecting everything from national security to environmental protection. As the October 1 deadline approaches, all eyes are on Capitol Hill to see whether lawmakers can avert yet another government shutdown and find common ground on budget priorities.
Congress Returns to Busy Schedule
The Senate returned from August recess this week and faces an overflowing legislative agenda packed with Party priorities and legislative responsibilities. The House returns from recess on September 12. Let's take a look at what is on the horizon.
Insight into the Appropriations Process
With Congress out for August Recess, we wanted to provide an overview of the appropriations process that has been underway this past Summer and will pick up again in September. Until the chambers reconvene, here is some background information on the daunting appropriations process that takes place each fiscal year.
Legislative Sprint to August Recess
Lawmakers return to Washington this past week, kicking off a three-week legislative sprint before they return to their states and districts for the August recess.
House and Senate Complete Markups for Agriculture-Rural Development-FDA FY 24 Appropriations Bills
The full appropriations committees of both the House and Senate have now approved the Agriculture-RD-FDA appropriations bills in votes during markup hearings in June. Constitution Partners provides initial analysis of these countering proposals in this writeup.
Congress Finally Passes Debt Ceiling Compromise - What's Next?
Late last week, the Senate passed legislation to suspend the debt ceiling and restrict government spending through the 2024 election, ending a drama that threatened a global financial crisis. The measure was signed Saturday by President Joe Biden, who forged the deal with Speaker Kevin McCarthy (R-CA) and plans to sign it just days before a looming U.S. default.
Deep Dive: Fiscal Responsibility Act of 2023
Chief negotiators worked over the weekend to put together a debt ceiling agreement to take to Congress for consideration by legislators. While a deal was announced around 9pm EST Saturday evening, the legislative text of the Fiscal Responsibility Act was only published on Sunday evening. Constitution Partners reviewed the legislative proposal and has the following analysis.
Debt Ceiling Deal Emerges; Uncertain Future Remains
Chief negotiators have worked over the weekend to put together a debt ceiling agreement to take to Congress for consideration by legislators. Leaders worked throughout the day and the deal was announced around 9pm EST.
House Passes Debt Ceiling, Spending Cuts Legislation with Uncertain Future
On Wednesday, April 26, the House passed the Limit, Save, Grow Act of 2023, legislation intending to increase the federal debt limit and decrease spending. It would also repeal several energy tax credits, modify the permitting process, expand work requirements for the Supplemental Nutrition Assistance Program (SNAP), and nullify regulations for federal student loan debt cancellation.
President Biden Releases FY 2024 Budget Request
The President's budget includes a total if $6.9 trillion in spending, but is expected to result in $2.9 trillion in deficit reduction over ten years. Even still, the deficit in 2024 would increase from $1.6 trillion to $1.8 trillion, and the gross federal debt would swell to $51 trillion after a decade.