Business & Economy

Business & Economy

The Big Story 

The latest shutdown threat may have been averted, but some lawmakers are already worried about the next government funding deadline. 

© Greg Nash

Leaders on both sides of the aisle were able to come to agreement earlier this month on a topline for the 12 annual government funding bills for fiscal year 2024.

But top appropriators say they have yet to learn how the dollars will be divided among the measures as spending talks continue.

Sen. Susan Collins (Maine), top Republican on the Senate Appropriations Committee, said she’s “concerned about the lack of a resolution.”

“This has been dragging on for a long time and I really don’t know why,” Collins said.    

Congress passed last week a bill that temporarily funded agencies that fall under four of the 12 annual appropriations bills through March 1.

The bill extends the deadline for the remaining eight bills through March 8, when agencies like the departments of Defense, Labor, Education, State, Homeland Security and others face funding lapses.

Appropriators on both sides of the aisle are confident the extra time will be enough for them to finish crafting the 12 annual funding bills but acknowledge it’s a time crunch that will only get tighter the longer it takes for them to ramp up talks on their own bills. 

“We don’t have a hell of a lot of time,”  said Rep. Mario Diaz-Balart (R-Fla.).

Read the full report at TheHill.com.

Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane stepping in for Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.

Did someone forward you this newsletter? Subscribe here.

Essential Reads 

Key business and economic news with implications this week and beyond:

FTC: TurboTax maker deceived customers with ‘free’ services

Immigration overtakes inflation as top voter concern: Poll

Dow Jones, S&P set new records after choppy month for stocks

The Ticker 

Upcoming news themes and events we’re watching:

In Other News 

Branch out with more stories from the day:

United Airlines expects to lose money in the first quarter due to the grounding of Boeing Max 9 jets

United Airlines said Monday it will lose money in the first three months of this year as it deals …

Good to Know 

Business and economic news we’ve flagged from other outlets:

What Others are Reading 

Top stories on The Hill right now:

McCarthy: Freedom Caucus has ‘stopped Republicans from being able to govern’

Former Speaker Kevin McCarthy (R-Calif.) accused the House Freedom Caucus of preventing the Republican majority from governing. Read more

Haley looks to beat odds in New Hampshire showdown with Trump

MANCHESTER, N.H. — Nikki Haley is looking to beat the odds in New Hampshire on Tuesday as she gets the one-on-one contest with former President Trump she’s long relished in the Republican presidential primary. Read more

What People Think 

Opinions related to business and economic issues submitted to The Hill: