The House and Senate passed, by wide margins, HR 2775 which funds the federal government through Wednesday, January 15, 2014 as part of a continuing resolution from the current FY 2013 levels. In addition, it also extends the debt-limit through February 7, 2014. The Appropriations Act is retroactive to October 1st, the day the shutdown began. Now that Congress has provided a few month reprieve until budget debates heat back up, the focus will resume again to other priorities including federal tax reform – which we’ve been engaged with in order to preserve federal tax exemptions on municipal bonds.

Summer Minnick is the Director of Policy Initiatives and Federal Affairs. She can be reached at 517-908-0301 or smininck@mml.org.