Yes, indeed. The U.S Congress is currently on its August recess and will not return until September. This presents a significant challenge regarding the looming threat of a government shutdown. The end of the fiscal year is on September 30, which means that Congress must pass, and the President must sign new spending legislation by that date to prevent a shutdown. Currently, lawmakers are facing a complex web of legislative challenges, including the government’s annual spending, infrastructure bills, and increasing the debt ceiling, the last of which is crucial to prevent the U.S. from defaulting on its debt. These activities will require bipartisan cooperation, negotiation, and quick action once Congress is back in session in September.
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