In today's "Morning Money," Politico quoted Thorn Run's Jason Rosenstock on the packed schedule Congress faces in its return from the August recess. "With only ten legislative days scheduled for September it looks like there will only be time to deal with two of the [numerous] issues this month,” Rosenstock argues in the update. On government funding, he added that “the conventional wisdom is that the House and Senate will pass a short-term, fairly clean continuing resolution (CR) before the end of the month (and possibly before the Pope arrives on September 24th). .. [I]t likely to be a short-term solution, that will only keep the doors open through the end of the year."
Politico: Welcome back … shutdown ahead?
Thorn Run Partners’ Jason Rosenstock in his morning note out later this a.m.: “On the menu are; funding the federal government, extending the debt limit, reauthorizing the transportation bill, considering the Iran Nuclear Deal, dealing with the annual list of tax extenders that need to be renewed, reauthorizing the Federal Aviation Act, extending child nutrition programs, and potentially renewing the expired Export-Import Bank Charter. … With only ten legislative days scheduled for September it looks like there will only be time to deal with two of the issues this month.“First is the Iran Deal, and with both the House and Senate scheduling the debate and vote on the issue for next week … Second, the conventional wisdom is that the House and Senate will pass a short-term, fairly clean continuing resolution (CR) before the end of the month (and possibly before the Pope arrives on September 24th). .. [I]t likely to be a short-term solution, that will only keep the doors open through the end of the year. This means the second CR may be paired with the need to raise the debt ceiling, or the transportation bill, or tax extenders”