Washington may be able to avoid a government shutdown by the upcoming Friday deadline, but that doesn't mean Congress — or the markets — are quite in the clear.
House Speaker Mike Johnson said on CNBC's " Squawk Box " on Tuesday that he expects enough lawmakers on both sides to pass his two-step "laddered" continuing resolution.
The continuing resolution plan would extend federal funding for some government agencies until mid-January, while other agencies would be funded through early February.
The House is expected to vote on the continuing resolution around 4:30 p.m.
That doesn't mean that you're not going to have the showdown — it just means that this is the prologue," Salisbury said.
Persons:
Mike Johnson, Chuck Schumer, Mitch McConnell, Israel, Goldman Sachs, Jan Hatzius, Benjamin Salisbury, Salisbury, Brian Gardner, Gardner, It's, Eric Diton, Diton, We've, we've, — CNBC's Michael Bloom, Chelsey Cox
Organizations:
Freedom Caucus, Democrats, Wall, Government shutdowns, Wealth Alliance, Moody's, Service
Locations:
Washington, Salisbury