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                            <title>    Hurricane Harvey could affect Congress debt ceiling, budget fight - BI
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class="globe-inner-circle" fill="#FFF" d="M10 1.1c-4.9 0-8.9 4-8.9 8.9s4 8.9 8.9 8.9 8.9-4 8.9-8.9-4-8.9-8.9-8.9zm0 16.7c-4.3 0-7.8-3.5-7.8-7.8S5.7 2.2 10 2.2s7.8 3.5 7.8 7.8-3.5 7.8-7.8 7.8z"/><path class="globe-outer-circle" fill="#848F91" d="M10 20C4.5 20 0 15.5 0 10S4.5 0 10 0s10 4.5 10 10-4.5 10-10 10zm0-1.1c4.9 0 8.9-4 8.9-8.9s-4-8.9-8.9-8.9-8.9 4-8.9 8.9 4 8.9 8.9 8.9z"/></svg>
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    <section class="accounts-list accounts-list-dropdown" data-accounts-list-dropdown>
        <div class="accounts-header accounts-list-dropdown">
            <span class="accounts-icon-wrapper">
                <svg class="svg-icon profile-icon accounts-list-dropdown" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 17 18.8"><path class="profile" fill="none" stroke="#848F91" d="M.5 14.8c.1-1.1 1-2.1 2.4-2.8.5.7 1.1 1.3 1.5 1.7.9.8 2.8 1.2 4 1.2s3.1-.4 4-1.2c.5-.5 1.2-1 1.7-1.6 1.4.7 2.2 1.7 2.3 2.7v3.4H.4l.1-3.4zm8-4c-3.6 0-4.6-4-4.6-6.2S5.9.5 8.5.5 13 2.3 13 4.6s-1 6.3-4.5 6.2z"/></svg>            </span>
            <div class="accounts-header-title">BI ACCOUNTS</div>
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    <ul class="accounts-listgroup">

        
                                                
    <li class="accounts-listitem">
            <a class="accounts-link" href="/login" target="" data-signin-default aria-label="signin">BUSINESS INSIDER</a>

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                            <li class="accounts-listitem signout-listitem">
                                            <a class="accounts-link" href="/subscription/prime" target="" data-signin-default aria-label="signin">BI PRIME</a>


                                            <a class="accounts-link-logout is-access-denied" href="#" target="" data-bi-prime-logout aria-label="signout">SIGN OUT</a>

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<nav class="l-nav l-nav-full" data-nav data-e2e-name="l-nav" data-track-page-area="Navigation">
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="tech">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Tech" for="item1">
                                    <a href="/sai" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Tech">Tech</a>
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                                                                            <section class="verticals-accordion-subvertical-section">
                                                                                                        <a href="/enterprise" class="verticals-accordion-subvertical-link">
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                                    <a href="/clusterstock" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Finance">Finance</a>
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                                                                            <section class="verticals-accordion-subvertical-section">
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="politics">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Politics" for="item3">
                                    <a href="/politics" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Politics">Politics</a>
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                                                                            <section class="verticals-accordion-subvertical-section">
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            News
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                                                                            <svg class="svg-icon chevron-icon verticals-accordion-chevron-icon" data-chevron-icon xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14.4 8.4"><path class="chevron" fill="none" stroke="#848F91" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/></svg>                                                                    </label>
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="strategy">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Strategy" for="item4">
                                    <a href="/warroom" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Strategy">Strategy</a>
                                    <input data-label-transform class="verticals-accordion-input" id="item4" type="checkbox" />
                                                                            <section class="verticals-accordion-subvertical-section">
                                                                                                        <a href="/careers" class="verticals-accordion-subvertical-link">
            Careers
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                                                                                    </section>
                                    
                                                                            <svg class="svg-icon chevron-icon verticals-accordion-chevron-icon" data-chevron-icon xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14.4 8.4"><path class="chevron" fill="none" stroke="#848F91" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/></svg>                                                                    </label>
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="life">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Life" for="item5">
                                    <a href="/thelife" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Life">Life</a>
                                    <input data-label-transform class="verticals-accordion-input" id="item5" type="checkbox" />
                                                                            <section class="verticals-accordion-subvertical-section">
                                                                                                        <a href="/thewire" class="verticals-accordion-subvertical-link">
            Entertainment
        </a>
    
                                                                                                        <a href="/travel" class="verticals-accordion-subvertical-link">
            Travel
        </a>
    
                                                                                                        <a href="/sportspage" class="verticals-accordion-subvertical-link">
            Sports
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                                                                                    </section>
                                    
                                                                            <svg class="svg-icon chevron-icon verticals-accordion-chevron-icon" data-chevron-icon xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14.4 8.4"><path class="chevron" fill="none" stroke="#848F91" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/></svg>                                                                    </label>
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="all">
                                                            <label class="verticals-accordion-label verticals-accordion-label-last" data-e2e-name="vertical-listitem-link" data-vertical-listitem="All" for="item6">
                                    <a href="/all" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="All">All</a>
                                    <input data-label-transform class="verticals-accordion-input" id="item6" type="checkbox" />
                                    
                                                                    </label>
                                                    </li>

                            
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    <section class="accounts-list accounts-list-exposed" data-accounts-list-exposed>
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        <h1 class="post-headline" >Hurricane Harvey throws another wrinkle into Congress&#039; wild &#039;budget brawl&#039;</h1>
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                                            <div><p><figure id="img-809870" class="figure image-figure-image image-figure-float-right float-md-right postload" data-type="img" data-e2e-name="image-figure-image" data-media-container="image" style=""><postload-img data-src="https://amp.businessinsider.com/images/598b6c864fc3c0bb188b5815-750-562.jpg" data-sizes="(min-width: 960px) and (max-width: 1259px) 640px, (min-width: 1260px) 960px, (-webkit-min-device-pixel-ratio: 2) 50vw, 100vw" data-srcset="https://amp.businessinsider.com/images/598b6c864fc3c0bb188b5815-160-120.jpg 160w, https://amp.businessinsider.com/images/598b6c864fc3c0bb188b5815-320-240.jpg 320w, https://amp.businessinsider.com/images/598b6c864fc3c0bb188b5815-480-360.jpg 480w, https://amp.businessinsider.com/images/598b6c864fc3c0bb188b5815-640-480.jpg 640w, https://amp.businessinsider.com/images/598b6c864fc3c0bb188b5815-750-562.jpg 750w, https://amp.businessinsider.com/images/598b6c864fc3c0bb188b5815-960-720.jpg 960w, https://amp.businessinsider.com/images/598b6c864fc3c0bb188b5815-1136-852.jpg 1136w, https://amp.businessinsider.com/images/598b6c864fc3c0bb188b5815-1334-1000.jpg 1334w" data-alt="paul ryan mitch mcconnell" ></postload-img><span class="image-source-caption"><figcaption class="image-caption" data-e2e-name="image-caption">House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell.</figcaption><span class="image-source" data-e2e-name="image-source">
                                            Mark Makela/Reuters
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As Hurricane Harvey <a href=http://www.businessinsider.com/tropical-storm-harvey-hurricane-updates-map-texas-where-landfall-damage-2017-8 target=_blank> devastates Texas and aims for Louisiana</a>, local, state, and federal officials have warned that the cleanup and recovery effort will <a href=http://www.businessinsider.com/tropical-storm-harvey-hurricane-updates-map-texas-where-landfall-damage-2017-8 > require a massive amount of resources</a>. </p><p> That effort will require action by the federal government and Congress. And it comes as Congress is facing down a series of fiscal deadlines that must be addressed by the end of September. </p><p> Before the end of next month, Congress must pass a bill to fund the government, <a href=http://www.businessinsider.com/trump-paul-ryan-mitch-mcconnell-debt-ceiling-tweets-twitter-2017-8 target=_blank>increase the debt ceiling to avoid a financial catastrophe</a>, and reauthorize both the federal government's flood-insurance program and the Children's Health Insurance Program. </p><p> Morgan Stanley's US economics team said on Tuesday that the demands of the storm could move up the deadline to raise the debt ceiling, as the Federal Emergency Management Agency will most likely need an immediate influx of funding to handle the disaster. </p><p> There is only $3.3 billion in FEMA's Disaster Relief Fund, and while the agency could pull from other sources of funding, any additional large-scale funding would need to be appropriated by Congress. </p><p> President Donald Trump told reporters Monday that the government would do whatever was needed to help fund the Harvey response, most likely meaning an appropriation from Congress will be necessary. </p><p> Increased outlays, however, would draw on the Treasury Department's already low reserve of cash on hand. </p><p> "If additional funds are appropriated without raising the debt ceiling first, this risks bringing forward the timing of the debt ceiling deadline, but it is more likely that these issues would be dealt with together," the Morgan Stanley team said. </p><p> Moving up that timeline may result in a solution to the debt ceiling earlier than anticipated. </p><p> Any additional disaster relief could be attached to a debt-ceiling increase, making the combined package nearly impossible to vote against, Greg Valliere, the chief strategist at Horizon Investments, wrote in a note to clients about Harvey's effect on the so-called budget brawl. </p><p> "Sources of Capitol Hill report that a massive hurricane relief bill may be attached to the debt ceiling increase, <strong><em>which would make its passage certain &mdash; and relatively quick, by Washington standards</em></strong>," Valliere said. "Or it may be attached to an overall budget package, avoiding a shutdown threat. We'd guess the former scenario is most likely; a shutdown threat can be deferred until December, when the budget will be resolved, as usual." </p><p> Such a package could also win over more conservative members of the Republican Party who are likely to vote against increasing the debt ceiling. </p><p><a href=http://www.politico.com/story/2017/08/28/hurricane-harvey-congress-emergency-aid-242110?lo=ap_e1 > According to Politico</a>, adding the relief package to either the debt-ceiling legislation or a continuing resolution is on the table. </p><p> However, attaching it to a six-month continuing resolution to keep the government open would introduce another degree of uncertainty about its passage, as Trump has threatened to veto any such legislation that doesn't <a href=http://www.businessinsider.com/trump-government-shutdown-border-wall-2017-8 > include funding</a> for a wall along the US-Mexico border. </p><p> If Trump were to drop that request, it would most likely have broad support, though the details of the package could be a snag. </p><p> A final option could be to roll the entirety of the issues together, something a handful of GOP members <a href=http://www.businessinsider.com/republican-plan-debt-ceiling-government-shutdown-budget-chip-2017-8 > have been advocating</a>. </p></div>
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