Senate Nears Recess Amid Looming Deadlines on Funding, Regulation

Why it matters locally: A potential federal government shutdown due to unresolved appropriations bills would impact federal funding received by Massachusetts, affecting various state programs and services. The outcome of cryptocurrency regulations could also have implications for the state's burgeoning tech sector and financial services industry.

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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.