The Capitol
WASHINGTON, DC–And we're done. On Monday Congress came to agreement on an Omnibus Appropriations bill for the second half for the fiscal year 2017, averting a government shutdown. President Trump has promised to sign the $1.1 trillion spending measure.
Politically, the bill has been described as a wash for Republicans and Trump as the measure pretty much enshrines previous spending limits, plus in some cases actively limits what the Administration can do with the funding. For example, the bill includes an additional $1.5 billion for border security — with the caveat that the money is not to be applied to one of Trump's chief policy goals of building the wall between the US and Mexico.
To see a summary of the appropriations bill go here.
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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.
