Three Day Stopgap Spending Bill: Second Shutdown Prevented?

Source: Nancy Pelosi / Flickr

Appropriations Chair Hal Rogers (R-Ky.) of the House of Representatives had some good news for those dreading a second shutdown. Next week, the House will reportedly be examining a stopgap spending bill that would prevent a shutdown taking place when the government eventually hits a funding wall on January 15, Bloomberg reports.

The bill would add a mere three-day extension to the present spending level, pushing the deadline for a more permanent measure off until January 18. Rogers said he would be introducing the bill on Friday and that the House might vote on it by January 13, with two days to spare before the shutdown date crops up.

“I expect an agreement to be reached soon, and the House will consider this next week,” said House Majority Leader Eric Cantor (R-Va.), according to Bloomberg. Cantor noted that the bill would be decided via a process involving minimal time and congressional discussion, needing a two-thirds vote to pass and disallowing amendments that might slow down its passage.

As for progress on a more long-term spending bill, there are still stumbling blocks likely to make matters more difficult for Congress, Obamacare and military spending cuts among them. Rep. Tom Cole (R-Okla.), chair of the House Appropriations Committee’s legislative subcommittee, said there would undoubtedly be arguments against a new bill coming “from all across the spectrum,” encompassing those who want greater cuts and those who hope for less spending minimized, Bloomberg reports.

Cole also said that he estimates the spending bill will pass in the House of Representatives with both a Republican and Democratic majority. With any luck, the three extra days will aid legislators in their attempts to find common ground on policy, spending cuts, and other items up for debate.

More from Wall St. Cheat Sheet: