It could make the past six months of shutdown heartburn look tame.
Conservatives have already hinted they'll tank bills if they don't see enough of their priorities addressed, including some of the same divisive provisions Speaker Mike Johnson had to strip out last time around. | Francis Chung/POLITICOCongress is headed for a perilous spending pileup in early 2025 — with crisis points on the debt ceiling, federal spending, tax cuts and budget caps all hitting in rapid succession.
“This is kind of like residential trash service during the holidays — it’s always uglier in the second week,” quipped Rep.. He added a subtle hope that conservatives might change their minds and let Republican appropriators clear the decks this year: “I’m a big proponent of getting everything we’re responsible for during this Congress off the curb.”
If that trend continues, lawmakers could once again find themselves toying with a genuine fiscal crisis between May and August of next year, depending on when Treasury’s measures run out. At the same time, Democrats and Republicans will likely be sparring over the expiration of Trump-era tax cuts that could add as much as $4.6 trillion to the federal deficit and debating the merits of setting overall funding caps that could constrain federal spending for future years.
If Biden wins a second term, Romney warned, “then the Republicans will all oppose raising the debt limit without getting something for it.” “I’ve seen a lot of debt limit battles over the years, and it feels like each one is scarier than the one that preceded it,” Zandi said. “It just feels like one of these times, we’re just not going to be able to get it together in time.”
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