While we focus on an impeachment inquiry, a new fiscal year begins Oct. 1, three months away.
Unless Congress extends current budget caps, discretionary spending will automatically drop 10% under “sequestration” (a fancy word for automatic cuts).
Unless Congress raises the debt ceiling, America will default on loans and likely trigger a worldwide financial crisis. (We have some time. Treasury has borrowed Peter to pay Paul until early 2020.)
On Tuesday, the full House passed all appropriations bills except DHS and congressional operations. A new rule allows both houses to “deem” or guess future budget caps. The House assumes current caps plus inflation.
The Senate deemed lower budget caps and has yet to write any appropriations.
The WH is demanding a new debt ceiling first. (Even McConnell says that’s out.) Dems are holding out for parity between increases in defense and non-defense spending first.
The bottom line:
Trump could veto any congressional deal, as he did for FY 2019.
The House defense bill forbids transferring money for a border wall.
We need to tell our MoCs where we stand. Protect non-defense spending. No money for a border wall. Start an impeachment inquiry now.