4 The US House and US Senate recessed in December following passage of an extension on the debt ceiling agreement that extends the current debt ($29.1 trillion) by $2.5 trillion until January 2023 along party line votes. Congress also passed the annual National Defense Authorization Act (NDAA) on a bi-partisan vote that sets the funding and program requests for the Department of Defense for the next fiscal year. In addition, Congress passed a Continuing Resolution (CR) until February 18, 2022 to fund the government for Fiscal Year 22. When Congress returns in 2022, they will work to finalize FY 22 funding prior to February 18, 2022 deadline. Efforts by the Biden Administration and House and SenateDemocratMajorities failed toreachanagreement on the proposed Build, Back, Better (BBB) legislation prior toCongressdeparting inDecember. After Congress returned in January, they worked to finalize FY 22 funding prior to February 18, 2022 deadline, but had to do another extension until March 11, 2022. FEDERAL REPORT Brad Edwards Jenkins Hill Consulting
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