Congress kicks the can
Lawmakers now have until Friday to pass the highly-anticipated continuing resolution

Volodymyr TVERDOKHLIB/Shutterstock modified by Blockworks
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.
In a real 11-hour move, Congressional leaders have unveiled a stopgap bill to fund the government for three more months.
Should it pass, lawmakers will narrowly avoid a government shutdown. However, the new deadline to agree on a budget would come during President-elect Trump’s crucial first 100 days in office.
Lawmakers now have until Friday to pass the highly-anticipated continuing resolution, all 1,500 pages of it. The House Rules Committee will have to approve a violation of the 72-hour rule, whereby bill text is released three days ahead of a vote. Over in the Senate, unanimous approval is needed to break procedure for passage before the deadline.
As we’ve written about before, Republicans and Democrats largely agree that a CR is the best way (and at this point, the only way) to avert a shutdown.
Some highlights from the bill:
- $110.4 billion in total disaster aid, most of which would go to southern US states in the wake of hurricanes Milton and Helene.
- There’s a provision that would give DC control over Robert F. Kennedy Memorial Stadium, an agreement that would help the District bring the Commanders back to the city.
- A 3.8% “cost of living” increase on Congressional salaries, which currently stand at $174,000.
Get the news in your inbox. Explore Blockworks newsletters:
- Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
- Empire: Start your morning with the top news and analysis to inform your day in crypto.
- Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
- 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
- Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
- The Drop: For crypto collectors and traders, covering apps, games, memes and more.
- Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.