But there’s still going to be a lot of money left if we need to come back and go to Congress in a few years to get more to replenish what’s being taken away, that might be an option. So what the White House has been saying is, yes, we’ll take 10 billion this year or 10 billion next year as we’re doing appropriations. You won’t see that necessarily in the bill, but it’s part of the trade offs that have been made here under spending. The deal that was reached between the White House and House Republicans would claw about 20 billion of that back over the next two years and reallocate it to other things. Republicans wanted to claw most of it away. So Democrats in their reconciliation law in 2022, which some people call the Inflation Reduction Act, a name that was kind of questionable at the time, but now there’s $80 billion in that law. And what do we know about the provisions? I mean, the one thing is there is less money for the IRS than had been envisioned under the infrastructure bill. Insight by Verizon: Can agencies create CX that’s ‘simplistic, delightful and surprising’? Leaders from the Agriculture Department, Education Department, Homeland Security Department and IRS think so and share the work underway in their agencies to make it easy to navigate government services. So I think we’ll see a lot between now and June five to try to get this thing passed both chambers onto the president’s desk and into law. That’s when she says her ability to manage things is going to become more difficult. So the big date here, thanks to Janet Yellen’s revision last week, is June five. And as anyone who has watched the Senate knows, that can take a long time depending on what any one member decides to do. Then the tricky part comes because you also have to get this bill through the Senate. And then tomorrow is supposed to be the key vote in the House where all the members will have a chance to weigh in. And in this case, there’s three very conservative members who they have to sell this bill to and get it through that panel to get it to the floor. And usually this is a perfunctory step, but this is being closely watched because one of the hard things about this is to sell some of the flanks of both sides of the party. Loren Duggan Well, we’ll see the first test for this bill today as the House Rules Committee meets to prepare it for floor action. Loren Duggan Well, we’ll see the first test for this bill today.
For the outlook, Federal Drive with Tom Temin spoke with Bloomberg Government Deputy News Director Loren Duggan.
With days until the theoretical deadline, Congress has a lot of work to do. In theory there is a debt-ceiling deal between President Joe Biden and House Speaker Kevin McCarthy.
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