Today the Senate passed the 2-year deal to raise budget caps and suspend the debt limit until July 2021, past the 2020 elections. It is an important step – but only a step – towards settling FY2020 appropriations. Passing the bill was one of the Senate’s last acts before leaving for its August recess. The House and Senate will return for legislative business on September 9 when they will have to finalize the FY2020 appropriations bills and hopefully, but not certainly, avoid a Continuing Resolution (CR) when FY2020 begins on October 1. [UPDATE, August 2: President Trump signed the bill into law this afternoon.]
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Last Updated: Aug 02, 2019 3:06 pm ET