Congress Faces Tougher Budget Talks After Averting Shutdown

November 16, 2023

High definition US capitol building with ominous foreboding feel.

Congress approved a second short-term deal to keep the US federal government running, but tougher budget negotiations are likely in the weeks and months ahead. James Sonne, PGIM's Head of Government Affairs, breaks down how lawmakers averted a shutdown, the main issues at play in budget talks, and the potential for spending cuts in future legislation.