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.

More than three months into fiscal year (FY) 2018, Congress continues to negotiate a spending bill to fund the federal government for the rest of the year. Government funding is set to expire on Friday, January 19 after a continuing resolution was passed in early December.

On July 13, the House Appropriations Committee approved the Financial Services and General Government (FSGG) fiscal year (FY) 2018 Appropriations bill. The bill reduces the CDFI Fund’s budget from FY17 funding level of $248 million to $190 million, a decrease of 23 percent. The bill continues the CDFI Bond Guarantee Program (BGP) with $500 million in guarantee authority.

On June 12, the House Appropriations Financial Services and General Government (FSGG) Subcommittee held a hearing, during which U.S.

Next week will be a busy one in our nation’s capital as the White House releases the full FY18 budget proposal and administration officials testify before Congress about the budget proposal. Below is a recap of what to watch for next week.

Tuesday, May 23