Congress stands in recess until next month. The Senate has passed the $1.2 trillion infrastructure package and the $3.5 trillion budget resolution, and the House of Representatives will take up those two items upon returning to session. But mixed up with those votes, the next big Congressional votes coming are a continuing resolution (CR) to fund the government after 30 September which is the end of the fiscal year and raising the debt limit. While the budget resolution for next year will set the parameters of federal fiscal policy, the 12 appropriations bills which actually fund the government in FY 2022 have not been passed; until then, a CR will be needed. And, moving forward, the federal government’s borrowing authority will need...