With the expiration of government funding looming on March 14, House Republican leaders on Saturday released a mostly clean continuing resolution (CR) to fund the government through the end of the fiscal year on September 30. The CR includes another $20 billion rescission of IRS funding. A House vote could happen as early as Tuesday, and essentially every Republican vote will be needed to clear the bill without Democratic support, and some Republicans have opposed CRs generally.

It's possible the House could leave town if the CR vote is successful, leaving Senate Democrats the choice of preventing a government shutdown. Democrats are generally opposed to a yearlong CR extending funding for the remainder of the fiscal year due to concerns about the Administration's scrutiny of spending and the federal workforce, and spending levels not being adhered to, but some have indicated they would support the measure. At least eight Democrats will need to vote for the measure to overcome the 60-vote filibuster threshold in the 53-47 Senate, with Republican Senator Rand Paul (R-KY) expected to oppose.

Budget reconciliation — House Ways & Means Committee Republicans are scheduled to meet today (March 10) and Wednesday (March 12) to start drafting a budget reconciliation bill headlined by extensions of Tax Cuts & Jobs Act (TCJA) provisions expiring at the end of 2025. Punchbowl News reported March 9: "there will be a heavy focus on making choices about the methods that Ways and Means Republicans want to use to deliver on President Donald Trump's priorities in the tax bill. Trump's wish list includes getting rid of taxes on tips, overtime pay and Social Security benefits for seniors. Trump wants a tax cut for made-in-America products. He'd bring in some dollars by cracking down on carried interest and wealthy sports team owners' tax breaks."

Semafor reported, "Some members flew in Sunday to be ready for the sessions, which are expected to run from 10 a.m. until evening votes today, and from morning votes until as late as 9 p.m. Wednesday … "

Politico said, "Expect members to discuss offsets and savings options to further reduce the cost of Trump's long list of tax cut proposals. Tax writers have been considering limitations on deductions for companies and some form of cuts to clean energy credits, among other offsets."

Trade — On Meet the Press March 9, Commerce Secretary Howard Lutnick said previously announced 25% tariffs on steel and aluminum imports are still going to take effect on Wednesday (March 12). Tariffs against Canada on dairy and lumber are not coming this week, and USMCA-related changes will be revisited on April 2, he said.

Congress — The House and Senate are in session before a one-week recess for both chambers the week of March 17. At 5:30 p.m. today, the Senate will hold a vote on confirmation of the nomination of Lori Chavez-DeRemer to be Secretary of Labor. The House today will hold some suspension votes on bills under the jurisdiction of the Homeland Security Committee. On Tuesday, the House will vote on H. J. Res. 25, Disapproving the rule submitted by the Internal Revenue Service related to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.

The House Ways & Means Health Subcommittee has set a hearing, "After the Hospital: Ensuring Access to Quality Post-Acute Care," for Tuesday, March 11 at 2 p.m.

The Senate Finance Committee has set a hearing to consider the nomination of Mehmet Oz to be Administrator of the Centers for Medicare and Medicaid Services for Friday, March 14 at 10 a.m.