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Lawmakers Continue Work on Spending, Tax Plans

December 15, 2015

Congressional negotiators have indicated they are making substantial progress on deals that would cover spending plans for the rest of Fiscal 2016 and the extension of a number of tax breaks for businesses and individuals.

With the fiscal year already two and a half months old, the $1.1 trillion spending plan is long overdue. To avoid a government shutdown, lawmakers last week moved their self-imposed deadline for a deal to this Wednesday, and another delay is likely this week as lawmakers consider whatever legislative proposals emerge from the negotiations.