We are approaching the end of the fiscal year, and money will no longer be able to be drawn from the treasury until the next appropriations bills are passed, or a continuing resolution is passed. The latter appears to be the case here.
- Click here for the story.
What he's saying: "The agreement reached this week by the Treasury secretary and our negotiation team to have a continuing resolution to continue to fund the government when the fiscal year runs out at the end of this month means that now we can focus just on another relief bill," Pence said.
The big picture: Pence's remarks came a day after the AP and other news outlets reported that House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin reached a tentative agreement on a "clean" stopgap bill.
"House Democrats support a clean continuing resolution,” Pelosi spokesman Drew Hammill told the AP.
The bottom line: The duration of the continuing resolution is unclear, but the AP reported that funding is likely to last until December.
