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United States

Congress faces December 11 funding deadline as appropriators prepare talks

With a temporary funding bill set to expire, Congress must agree on spending levels for federal agencies, a task that will shape the government's operations and budget planning.

Photo: Yahoo Finance

What happened

A temporary 72-hour funding bill signed by the president in September is set to expire on December 11. Yahoo Finance Congress returned to Washington after the midterm elections, and top Republicans and Democrats on the House and Senate Appropriations Committees plan to meet early next week to discuss annual spending bills. bloomberglaw.com Negotiations over funding the government past the shutdown deadline are expected to begin next week. bloomberglaw.com

Around it

Democrats won control of the House after the midterm elections, meaning the president must work with an opposing Congress for the next two years. Yahoo Finance Government agencies have been operating on flat funding since October 1 because Congress has not approved funding levels for any discretionary program for the current fiscal year. bloomberglaw.com The U.S. debt ceiling currently stands at $41.1 trillion, of which $40.5 trillion has been borrowed, and it will need to be raised around fall 2027. Yahoo Finance

What comes next

Appropriators are scheduled to meet early next week to discuss the path ahead for annual spending bills. bloomberglaw.com

Sources

  1. Yahoo FinanceCongress’s first task post-midterms is to figure out how to keep funding America, and that’s before it addresses the $40 trillion national debt
  2. bloomberglaw.comSpending Negotiators to Meet Next Week to Restart Funding Talks

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