Politics1/23/2026•Bloomberg

Funding Deal Heads to the Senate

Funding Deal Heads to the Senate

The House of Representatives has passed a comprehensive spending package worth over $1.2 trillion, which is now headed to the Senate. The deal sets funding levels for the fiscal year 2026 and includes safeguards against the Trump administration's ability to shift funds. The Senate is expected to take up the legislation next week. Jason Smith, the House Ways and Means Chairman, who is the top tax official in Congress, has joined Bloomberg Open Interest to discuss the next steps and the committee's efforts to address the rising cost of healthcare in the United States.

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