Federal Govt to Run Out of Money in 4 Days
The federal government will run out of money on Friday amid a jammed Senate schedule in December that may further delay the passage of the $1.9 trillion reconciliation package into next year.
Along with funding the government in December, the Democrat-controlled Senate must raise the debt ceiling before December 15 and pass the National Defense Authorization Act (NDAA), a typically bipartisan piece of legislation for 60 years.
The reconciliation package is also in the mix to be pushed through the chamber, though the clogged Senate calendar may delay the passage until January.
Funding the government, however, is the most immediate crisis for the Senate Democrats. Democrats’ strategy may be to introduce a stopgap funding bill potentially on Wednesday. The stopgap funding would need approval from Senate Republicans and Sen. Mitch McConnell (R-KY), “but that isn’t expected to be a major problem,” Punchbowl News reported.
If Republicans cave and help Democrats fund the government, the funding may reportedly last until the last week in January. (Read more from “Federal Govt to Run Out of Money in 4 Days” HERE)
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