Top U.S. Lawmakers Agree on Spending, Tax Plan to Avoid Shutdown
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(Bloomberg) — Congressional leaders reached a tentative deal on measures to fund the U.S. government and make some expired tax provisions permanent, a top House Republican said Tuesday in Washington.
Rules Committee Chairman Pete Sessions said the agreement on the two bills will be presented to rank-and-file House members Tuesday night, and that details on exact costs of some of the provisions are still being analyzed. Current government funding is set to expire at the end of the day Wednesday, and lawmakers will need to pass a stopgap bill to avoid a shutdown while they debate the full-year bill.
Sessions wouldn’t discuss specifics, including whether lifting a 40-year-ban on exporting crude oil is part of the deal. But he said, “as a Texan,” then smiled widely. He spoke to reporters after leaving a closed-door meeting of House Republican leaders, including Speaker Paul Ryan.
Sessions said he expects the spending bill and tax package to be released at about 10 p.m. Washington time Tuesday after House Republicans meet to hear the details at 9 p.m.
“There will be a great meeting of our family. And people will see things. And when that breaks we will post the text,” Sessions said.
Rules Committee Chairman Pete Sessions said the agreement on the two bills will be presented to rank-and-file House members Tuesday night, and that details on exact costs of some of the provisions are still being analyzed. Current government funding is set to expire at the end of the day Wednesday, and lawmakers will need to pass a stopgap bill to avoid a shutdown while they debate the full-year bill.
Sessions wouldn’t discuss specifics, including whether lifting a 40-year-ban on exporting crude oil is part of the deal. But he said, “as a Texan,” then smiled widely. He spoke to reporters after leaving a closed-door meeting of House Republican leaders, including Speaker Paul Ryan.
Sessions said he expects the spending bill and tax package to be released at about 10 p.m. Washington time Tuesday after House Republicans meet to hear the details at 9 p.m.
“There will be a great meeting of our family. And people will see things. And when that breaks we will post the text,” Sessions said.
–With assistance from James Rowley, Erik Wasson, Alex Nussbaum, Brian Eckhouse, Justin Sink and Jennifer A. Dlouhy.
To contact the reporters on this story: Billy House in Washington at bhouse5@bloomberg.net; Kathleen Miller in Washington at kmiller01@bloomberg.net To contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net; Craig Gordon at cgordon39@bloomberg.net Laurie Asseo, Michael Shepard
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