Washington Update
Report by Jim Collura, NEFI Vice President & Director of Government Affairs (jim.collura@nefi.com)

Lawmakers return from Thanksgiving recess with only 11 days remaining to pass a year-end spending bill. While unlikely, failure to pass a spending bill would result in a government shutdown. It is unclear whether the two parties and President Trump will be able to agree to an omnibus bill that combines all 12 appropriations bills and funds the government through the end of the current fiscal year (September 30, 2021). Such a deal could serve as a vehicle for limited coronavirus relief provisions and extensions for expiring tax breaks, but time is quickly running out. If a deal cannot be reached, Congress is likely to pass an abbreviated stopgap measure funding government for a short time, perhaps until March. NEFI is monitoring developments closely.