The Government Shutdown Has Been Averted...For Now

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Both the House and Senate have passed the government funding bill and President Biden has signed it. While the legislation averts a partial government shutdown, it will only fund the government's operations until December 3. 

The bill also includes $28.6 billion for communities hit by natural disasters over the past 18 months and $6.3 billion for resettlement for Afghan refugees.

But several other fiscal issues remain to be resolved, foremost is the debt ceiling crisis. The Treasury department led by Janet Yellen has warned that failure to raise the government's debt ceiling will risk a federal government default if Congress does not act in the next few weeks.

Republicans refused to allow the debt ceiling bill to be paired with the government funding bill and Senate Minority Leader Mitch McConnell refuses to work with Democrats to pass any legislation to increase the federal borrowing cap.

These two pieces of legislation, while critical and pressing are overshadowed by the debate over the $1 trillion bipartisan infrastructure bill and a separate $3.5 trillion social spending package. 

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