Congress Rushing to Reach Spending Deal

 

originally published for NAIOP National

Authorization for continued government spending will expire on Friday, March 11, unless Congress agrees on an omnibus fiscal 2022 appropriations bill or passes another short-term funding extension. The time frame for action is shorter, however, because the House of Representatives is scheduled to recess Wednesday, with Democrats going to Philadelphia for their policy retreat.

House Democrats had planned to pass the omnibus spending bill by Wednesday, but negotiations have been complicated by a White House request for an additional $22.5 billion for COVID-19 relief funding, and the need for supplemental funding for humanitarian, military and economic aid for Ukraine. 

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