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drray23's Journal
drray23's Journal
January 8, 2023

Upcoming congressional fiscal policies deadlines.


The President signed the FY 2023 omnibus appropriations bill on Thursday, Dec. 29. The House passed the measure by a 221-205-1 vote on Friday, Dec. 23, following Senate passage by a 68-29 vote on Thursday, Dec. 22. To allow more time for full enactment of the omnibus, Congress enacted a third continuing resolution for FY 2023 through Dec. 30.

The next few years will include several predictable fiscal policy deadlines that will force congressional action. Numerous provisions providing COVID relief expire at the end of the year. Many of the regular non-COVID deadlines could bring additional costs if Congress acts irresponsibly, or they could present an opportunity for Congress to reduce deficits.

With a dysfunctional house of representatives, what are the hurdles one must overcome to keep the country going?

This article summarizes that well.

Of note, the debt ceiling limit which is estimated to be reached this summer.

Then, of course the student loan repayment which is currently paused after the attempt to forgive some of the debt was blocked by the courts.

A few other interesting things there I was not aware of.

Will McCarthy still be at the helm in september 2023 when the next budget has to get negociated and voted? I am skeptical.

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Hometown: virginia
Member since: Sun Jun 1, 2014, 06:32 PM
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