Playbook: “December is going to be really, really, really brutal. Spending caps deal. Government funding. Potential legislation to deal with the expiration of DACA. Action to prop up the health care law. And now, we hear that the debt ceiling could be part of the mix in the final month of the year, as well. Treasury says Congress has until January to lift the debt limit, but some say if Congress is going to slap together a big package, the debt limit might as well be included. No one really wants to raise the debt limit in an election year, anyway. But the negotiations have to be going really well for the debt limit to be included. It’s not a must-pass at the end of the year, and it could just as easily slip to 2018. In other words, Republicans tell us they won’t let the debt limit be a bargaining chip for Democrats who are trying to get a DACA deal.”
“We also hear Congress will pass a short-term government funding bill in time for the Dec. 8 deadline, kicking the deadline toward the end of the month in time for a large spending deal. Oh yeah – the White House has made it clear they want tax reform done in December as well. Whoever wins the Alabama Senate race will join the chamber toward the end of December, too. This could easily be the most consequential legislative month in years.”
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