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Reconciliation Package Updates. House Budget Committee Chairman John Yarmuth (D-Kentucky) indicated on Thursday that House Democrats are preparing to mark-up their $3.5 trillion spending package this coming weekend, admitting it would be “more procedural than substantive” since the bill is not yet finished and the Congressional Budget Office has yet to score it. Democratic leaders also said on Thursday that they have an agreement on “a framework” of options to pay for their social spending ambitions. These announcements came after a half-day meeting with U.S. President Joe Biden at the White House on Wednesday, and a Thursday morning meeting with Treasury Secretary Janet Yellen, White House Adviser Brian Deese and Congress’ top tax writers.

Meanwhile, Senator Joe Manchin (D-West Virginia) signaled late on Thursday that he has yet to agree to a topline amount for the reconciliation package. Speaker of the House Nancy Pelosi (D-California) is still on track to hold a vote in the lower chamber this coming Monday (September 27) on the $1.2 trillion bipartisan infrastructure bill, despite the uncertainty of whether progressives will relent on their threats to vote against the bill. Both chambers of Congress will also need to vote on a stop-gap spending measure this coming week to fund the U.S. Federal Government beyond September 30. Congress also must soon address lifting or delay implementing the U.S. debt ceiling to avoid the Treasury Department defaulting on looming debt obligations.

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Please stay safe and healthy,
Pat Soldano
President; Family Enterprise USA
pmsoldano@family-enterpriseusa.com
712 H Street NE Suite 1330
Washington DC 20002
7143573140
About Family Enterprise USA
Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate.

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