Senate Nears Recess Amid Looming Deadlines on Funding, Regulation

Why it matters locally: Potential federal government shutdowns due to funding impasses could disrupt federal services and funding streams critical to California's extensive infrastructure projects, research institutions, and social programs. The development of cryptocurrency regulations could also significantly impact California's thriving technology and finance sectors.

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WASHINGTON – The Senate is days away from its scheduled month-long August recess, with lawmakers working to address a series of legislative priorities before departing. Among these items are measures to prevent a government shutdown later this fall, decisions regarding funding for Iran, and the development of cryptocurrency regulations. Lisa Desjardins reported on these developments from Capitol Hill. Senators are navigating a compressed timeline to resolve these issues. Failure to act on appropriations bills could lead to a government shutdown when current funding expires.