On January 18, Congress approved another continuing resolution (CR) that averted a partial government shutdown and keeps federal agencies funded into March 2024. Funding for the departments of Veterans Affairs, Agriculture, Transportation, Housing and Urban Development, and Energy, has been extended through March 1. Funding for all other agencies has been extended through March 8. The Senate approved the measure by a vote of 77-18 and the House followed with a vote of 314-108.

Last month congressional leaders negotiated an agreement on a $1.66 trillion topline for Fiscal Year 2024. Lawmakers reached a deal this week on how to allocate that amount across the 12 traditional spending bills and can now divvy up funding for departments and agencies.

If Congress extends a CR into May, it would trigger automatic across-the-board cuts to all agencies, as provided for by last year’s debt ceiling bill. The Federal Managers Association will keep you posted on all major developments related to FY 2024 funding.