Senate Passes Budget Deal, Sending it to Trump’s Desk

Thursday, August 1, 2019 - 1:30pm

The U.S. Senate voted 67-28 Thursday to pass a two-year, $2.7 trillion discretionary budget agreement, sending the legislation to President Donald Trump, who is expected to sign it. The budget deal, which was passed last week by the House of Representatives, would suspend the federal debt ceiling until July 31, 2021, and contains no provisions to extend expired or expiring tax provisions. A Notes from Novogradac blog post explores the implications of the agreement for the U.S. Department of Housing and Urban Development, the Community Development Financial Institutions Fund and tax legislation.