Congress Negotiating Budget Deal With Extension

Congress Likely to Approve Another Short-Term Continuing Resolution Likely

Congress appears likely to pass another short-term continuing resolution (CR) to fund the government through mid-February.

In the meantime, lawmakers in Washington, DC will settle on fiscal year (FY) 2018 spending caps. Congressional leaders in both parties are considering a two-year spending deal that would raise the caps above the current FY 2018 levels set by the Budget Control Act.

Once a deal is reached, omnibus appropriations legislation is expected to follow shortly thereafter. Even though Congress hasn’t reached a conclusion on FY 2018 spending legislation, discussions over next year’s appropriations will also kick off shortly.

The Trump Administration is expected to release its FY 2019 budget request in mid-February.

Lawmakers are also negotiating a third disaster recovery bill. The third disaster recovery bill could be included in the upcoming CR or final FY 2018 appropriations package. The House passed a $81 billion aid package before the winter holidays. The Senate has not yet released its version of the legislation.

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