Federal Budgets, Shutdowns And Stopgap Extensions Explained

Yesterday, Congress passed a stopgap bill to fund the government for an extra week to avoid a shutdown, and to give them more time to agree on a full-year budget for 2023. Emily Cochrane, reporter in the Washington bureau of The New York Times, covering Congress, brings us her latest reporting about Congress's spending bills, and Eric Toder, Institute Fellow at the Tax Policy Center, explains the federal budget process, and the latest deal passed by Congress, which averts a shutdown for a week to give lawmakers more time to agree on a full-year budget.