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Free AccessCongressional Leadership Agree To Seek Long-Term Government Funding Bill
House Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Chuck Schumer (D-NY) have told reporters that they plan to legislate a long-term government funding omnibus in the lame duck session of Congress, rather than seeking another stopgap funding measure.
- Pelosi and Schumer made the comments after a bipartisan White House meeting with President Joe Biden and Republicans, Senate Minority Leader Mitch McConnell (R-KY) and House Minority Leader Kevin McCarthy (R-CA).
- Schumer said it was "a very productive discussion about funding the government — we all agreed that it should be done this year."
- Pelosi conceded if they can't reach a deal, they "may have to have a year-long CR," but said "they don't want that."
- Senate Minority Whip John Thune (R-SD) said yesterday that he believes the chances of finishing an omnibus by the end of the year as 50-50.
- Senate appropriators Patrick Leahy (D-VT) and Richard Shelby (R-AL) said after a meeting last night: “We might be at Christmas, you know, there’s a lot of things at stake."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.