Congress kicks the can

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . In a real 11-hour move, Congressional leaders have unveiled a stopgap bill to fund the government for three more months. Should it pass, lawmakers will narrowly avoid a government shutdown. However, the new deadline to agree on a budget would come during President-elect Trump’s crucial first 100 days in office. Lawmakers now have until Friday to pass the highly-anticipated continuing resolution , all 1,500 pages of it. The House Rules Committee will have to approve a violation of the 72-hour rule, whereby bill text is released three days ahead of a vote. Over in the Senate, unanimous approval is needed to break procedure for passage before the deadline. As we’ve written about before , Republicans and Democrats largely agree that a CR is the best way (and at this point, the only way) to avert a shutdown. Some highlights from the bill: $110.4 billion in total disaster aid, most of which would go to southern US states in the wake of hurricanes Milton and Helene. There’s a provision that would give DC control over Robert F. Kennedy Memorial Stadium, an agreement that would help the District bring the Commanders back to the city. A 3.8% “cost of living” increase on Congressional salaries, which currently stand at $174,000. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.