HOUSE: Rules Comm. and Floor action on tax bill (HR 1) this week; House passage of tax bill is likely.
SENATE: Finance Committee marking-up Senate version this week, with consideration of amendments to begin Nov. 14.
On Monday, 11/13, the Penn Wharton Budget Model, an analysis issued through the Wharton School of the University of Pennsylvania, found the House tax bill would increase deficits by as much as $1.7 trillion over 10 years, even after accounting for additional economic growth that tax cuts could spur.
APPROPRIATIONS: Stop-gap funding for FY 2018 will expire December 8; at that time, the federal government will shut down unless another stop-gap continuing resolution is enacted or full-year appropriations for FY 2018 are enacted.
DEBT CEILING: Treasury Dept. said in a November 1, 2017 statement that extraordinary accounting measures will "allow the government to continue to meet its obligations through January 2018," despite the current suspension of the debt ceiling ending on December 8. ...