Attention Shifts After Debt-Limit Resolution
Transport Topics By Eugene Mulero
June 7, 2023
Moving on from monthslong negotiations over the nation’s debt ceiling, congressional leaders are turning their attention to the annual budget process on Capitol Hill. Advancing fiscal 2024 appropriations legislation is now front-and-center for the lawmakers tasked with determining funding allocations for federal agencies. Senior policymakers kicked off a series of meetings this month in an effort to arrive at bipartisan legislation that would ensure funding for the U.S. Department of Transportation, and other federal institutions, for the upcoming fiscal cycle. The debt limit saga, which culminated with the bipartisan backing for raising the nation’s borrowing authority, had eclipsed negotiations related to the new batch of fiscal 2024 measures. Specific to the appropriations work, House Republican leaders and Senate Democrats in control of their chamber have expressed differing perspectives on spending levels and priorities. Yet, at this point in the process, both sides have signaled a willingness to avoid a partial shutdown of certain federal agencies if the fiscal bills are not approved by Sept. 30.
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