Tuesday: Passing the short-term spending bill

The House starts at 10 a.m., and in the afternoon it will consider a short-term spending bill that funds the government through January 18.

House and Senate leaders said last week that they would pass this short-term bill quickly, under a suspension of House rules. And that's just what GOP leaders have planned for Tuesday.

The resolution, H.J.Res. 106, is a very short bill extending government operations for a very short time. The goal is to give Congress a few more days to consider and pass a monster $1 trillion spending bill that gets the government through the end of September.

After the House passes it, the Senate may also consider it Tuesday evening, clearing the decks for work on the bigger bill during the rest of the week. The House Rules Committee meets at 3 p.m. Tuesday to write a rule for the bill, which will let the House consider it on the floor as early as Thursday.

The Senate starts at 10 a.m., and will continue work on a bill extending unemployment benefits. On Monday, the Senate delayed a procedural vote on a Democratic amendment to the bill, S. 1845, that would extend benefits for 11 months.

Republicans offered a counter-proposal, and Senate Majority Leader Harry Reid (D-Nev.) said he wants to talk it over with Democrats during a caucus lunch.

The Senate has a 2:30 p.m. vote planned to end debate on the Democratic proposal, but those plans could change depending on further talks.

Aside from the short-term spending bill, the House will be in for votes on four other suspension bills:

— H.R. 2274, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act, providing for a registration exemption for merger and acquisition brokers,

— H.R. 801, the Holding Company Registration Threshold Equalization Act, making the shareholder threshold for registration of savings and loan holding companies the same as for bank holding companies,

— H.R. 2860, the OPM IG Act, expanding access to program funds for the Inspector General of the Office of Personnel Management, and

— H.R. 1233, the Presidential and Federal Records Act Amendments, amending the Presidential Records Act to set up procedures for the consideration of requests for documents.

More in Finance

Obama's ultimatum: No more short-term spending bills

Read more »