House Republicans advanced a July 2026 budget resolution directing committees to develop a third reconciliation package focused on defense funding, agriculture aid, and related priorities, following the June enactment of the Secure America Act for immigration enforcement. Internal divisions over offsets, spending levels, and Byrd Rule compliance have slowed momentum, while Senate Republicans have prioritized government funding negotiations and other measures ahead of the midterm cycle. A short-term continuing resolution cleared the House on September 1 to avert a shutdown through mid-December, shifting attention from reconciliation. Committee instructions under the latest resolution are due by September 11, leaving limited floor time before the election recess and potential lame-duck session. Trader assessments reflect these procedural and partisan hurdles.