Here are the major issues and deadlines facing Congress as lawmakers return to Washington

Business News
Spread the love

Speaker of the House Nancy Pelosi (D-CA) and U.S. Senate Majority Leader Chuck Schumer attend a news conference with mothers helped by Child Tax Credit payments at the U.S. Capitol in Washington, U.S., July 20, 2021.

Elizabeth Frantz | Reuters

President Joe Biden’s massive economic agenda, the full faith and credit of the United States, government funding and abortion rights are all at stake as Congress returns to Washington after weeks away.

The Senate comes back Monday from its August recess. The House will follow the upper chamber back to the Capitol on Sept. 20.

Lawmakers will have to rush to meet a range of critical deadlines in the coming weeks. The speed at which Congress works will determine whether the government shuts down, if the U.S. defaults on its debts and whether the largest proposed expansion of the social safety net in decades will take effect.

“We know the American people are facing challenges of monumental proportions, so we must and we will pass legislation that meets the moment,” Senate Majority Leader Chuck Schumer, D-N.Y., said Wednesday in pushing for the a torrent of new investments in social programs.

Congress faces a logjam:

  • Infrastructure: House Speaker Nancy Pelosi, D-Calif., has promised centrist Democrats she will hold a vote on the Senate-passed bipartisan infrastructure bill by Sept. 27. The pledge is not binding, and politics within her caucus could complicate the timeline.
  • Democrats’ reconciliation bill: Pelosi hopes to approve an up to $3.5 trillion plan that invests in social programs and climate policy in conjunction with the infrastructure bill. But the House, Senate and White House are still writing the plan — and deciding which version could win the support of nearly every Democrat in Congress.
  • Government funding: Lawmakers need to pass appropriations bills by Sept. 30 to prevent a government shutdown.
  • Debt ceiling: The United States could default on its obligations in October if Congress fails to raise the debt ceiling. Democrats are deciding how to lift or suspend the limit on their own after Republicans said they would not join in the effort.
  • Abortion rights: The House plans to vote on a bill that would protect the right to abortions nationwide after the Supreme Court declined to block a restrictive Texas law. If the chamber passes the plan, it faces long odds in the Senate.

CNBC Politics

Read more of CNBC’s politics coverage:


Democratic leaders told centrists threatening to hold up the party’s reconciliation plan that they would vote on the $1 trillion bipartisan infrastructure bill by Sept. 27. A final House vote would send the package — which would put $550 billion in new money into transportation, broadband and utility systems — to Biden’s desk for his signature.

Congress has to overcome hurdles before a long-awaited infrastructure investment comes to fruition. If Pelosi moves too soon to pass the bipartisan bill, it could jeopardize support for the plan among progressives who want to see Democrats’ budget plan passed at the same time.

Moving too far past the nonbinding Sept. 27 target risks drawing the ire of the same centrists who previously tried to hold up the Democratic spending plan. Pelosi has said she set the deadline in part because surface transportation funding expires Sept. 30.

Rep. Josh Gottheimer, a New Jersey Democrat and one of the lawmakers who tried to delay the reconciliation bill, stressed Monday that he wants to see the infrastructure bill passed later this month even if the budget plan has not yet made it through the Senate.

Democrats’ reconciliation bill

Slashing spending to appease centrists jeopardizes support from progressives, who see passing the larger plan as a condition for backing the smaller infrastructure bill. Senate Budget Committee Chairman Bernie Sanders, a Vermont independent who is playing a major role in the process, has shot down the $1.5 trillion price tag Manchin reportedly favors.

“No, it’s absolutely not acceptable to me,” he told CNN’s “State of the Union” on Sunday. “I don’t think it’s acceptable to the president, to the American people, or to the overwhelming majority of the people in the Democratic caucus.”

Pelosi posed the issue another way to Democrats who support specific policies in the reconciliation bill.

“Where would you cut?” she asked on Wednesday.

Government funding

Debt ceiling

Abortion rights

Source link

Leave a Reply