Debt Limit Done. Now What? (Beltway Buzz, June 9, 2023)

The Beltway Buzz is a weekly update summarizing labor and employment news from inside the Beltway and clarifying how what's happening in Washington, D.C. could impact your business.

Debt Limit Done. Now What? With the Fiscal Responsibility Act of 2023 in the rearview mirror, this week the U.S. Congress turned to other matters. The U.S. Senate spent the week focusing on nominations to federal agencies. In the U.S. House of Representatives, however, legislative progress was short-lived. Roughly one dozen Republicans frustrated action on the House floor this week in order to exact political concessions from Speaker Kevin McCarthy over what they considered his mishandling of the debt ceiling crisis. Looking ahead, the next major legislative hurdle will be funding the federal government beyond September 30, 2023. Actions on the House floor this week perhaps indicate that this won't be an easy lift.