Government Funding Expires on Friday

Playbook: “We hear that Congress is likely to pass a one-week stopgap spending bill to buy another seven days for talks on government funding — that would make the shutdown deadline Dec. 18. Whether Congress eventually settles on a 12-bill omnibus or a three-month stopgap is still not clear. At this point, it seems like a three-month CR or something of that nature is becoming more likely. This would create a natural deadline in March for funding/another Covid relief bill. There seems to be a lot of disagreement about an omni at this point — but no one is ruling anything out.”