WASHINGTON, DC–Congress is working mightily to avoid a government shutdown before the US presidential election by passing a six-week continuing resolution, or CR as it is called, that the US president will sign. The deadline is looming this week — without a continuing resolution the US federal government will cease functioning at midnight on Sept. 30.
Last Thursday, Senate Republicans released language for such a resolution. Devoid of controversial riders, this CR must now survive warring inter and intra party factions in both the full Senate and the House of Representatives before it can be signed by the president — who has signaled he won't be pressured into signing a flawed CR.
In short, it is going to be an action-packed week for Washington and the observing public.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
