Important Takeaways:

• Current funding for most government programs expires on Sept. 30. If no action is taken before the next fiscal year begins on Oct. 1, large swaths of government functions would shut down.
• The need for a stop-gap spending bill — one that might extend through late November or early December — has been a foregone conclusion for months
• Senate Republican Leader Mitch McConnell on Wednesday told a business group in Kentucky: “I think we’re going to end up with a short-term congressional resolution, probably into December as we struggle to figure out exactly what the government’s spending level is going to be.”
• Such a measure is expected to be attached to new emergency money to pay for natural disasters throughout the United States and to bolster Ukraine’s battle against Russia.

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