This month, the retirement of longtime Senator and Appropriations Committee Chairman Thad Cochran (R-MS) resulted in a shuffling of subcommittee leadership.
The fiscal year (FY) 2019 appropriations process is completely underway.
Nearly six months after the start of fiscal year (FY) 2018, Congress finalized the FY2018 omnibus spending bill to fund the federal government through September 30, 2018.
Congress has yet to finalize an agreement on FY2018 spending levels, and work is already starting on the FY2019 appropriations process.
Each new year brings new challenges and opportunities for CDFIs, and 2018 is no different. We expect another challenging year for federal policies and programs affecting CDFIs.