Congress Averts Government Shutdown, Delays Controversial OMB Rule with Continuing Resolution

Congress passed, and the President signed into law, a Continuing Resolution to fund the Federal Government at current levels through December 11, 2026, thereby averting a government shutdown. The resolution also included language to delay the Office of Management and Budget's (OMB) proposed rule on Regulations for Federal Financial Assistance until the same date. The OMB rule, if implemented, could impact federal grants and potentially downgrade state and local government credit ratings.