Posted 1/5/2024, 10:57:00 PM
Congress Faces Budget Deadlines and Risk of Shutdown
- Congress faces deadlines in mid-Jan and early Feb to finalize 2024 budget, with risk of shutdown or short-term funding extension
- House and Senate disagree on spending levels; House wants deeper cuts than Senate and Biden administration agreed to last year
- Long-term continuing resolution could avoid shutdown but reduces Congress' ability to set policies and priorities
- If no budget deal by April 30, automatic 1% spending cut hits all agencies
- Maloy optimistic deal will ultimately be reached "I think we’re going to find a way to get there"