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The Federal Budget & Appropriations Process: Here Comes a Government Shutdown
• Congress is gone for August recess and does not come back until September.
• Under the debt ceiling deal, Congress must pass 13 separate appropriations bills by September 30th. They have not passed any of them.
• Unless they pass a continuing resolution to keep the government open, the government will shut-down.
• And, if Congress fails to pass ALL the appropriations bills by the end of the year, a 1% across the board cut to federal spending will automatically go into place for 2023.
• For some Republican Fiscal Hawks in the House of Representatives who want deep cuts in appropriations, this is not the worst consolation prize.