Here’s what we know…
It now appears that both Washington and Wall Street are hopeful that Congress will pass a bill to fund the government by the set deadline which is Friday to avoid a government shutdown.
It also appears that Democrats and Republicans are now coming together around a bill to pass it which could extend government funding through January, something many Conservatives and former President Donald Trump is likely unhappy about.
According to CNBC, If a bill is not passed and there is a lapse in government funding it would result in furloughs of federal workers and some government services would no longer be in service.
Along with trying to prevent a government shut down, Democrats are also aiming to pass their $1.75 trillion Build Back Better bill, boost the debt limit and approve a new defense budget bill.
Washington policy strategist, Tom Block, noted, “The good news is that both sides of the aisle want to avoid a government shutdown and Republicans seem unwilling to mount a filibuster that could delay a spending bill. The open question that should be resolved before Friday is how long the next CR will be,”