Republicans hold narrow majorities in both chambers of the 119th Congress, allowing use of the reconciliation process to advance spending and policy changes with simple majorities. The House passed a July 2026 budget resolution instructing four committees to draft recommendations by September 11 for a roughly $95 billion package focused on defense, agriculture aid, intelligence, and election security measures tied to the SAVE America Act. Committee divisions over offsets, fiscal hawks’ demands for dollar-for-dollar savings, and Senate reluctance have slowed progress on turning the blueprint into legislation before the November midterms. A recent continuing resolution extended funding through December, reducing immediate pressure but leaving limited floor time. Trader assessments reflect these procedural hurdles and the narrow window for completing committee work and floor action in both chambers.