Negotiations yield progress on $1.1T spending bill topping agenda of lame-duck Congress

Economic IndicatorsAssociated Press

Lawmakers are finalizing a sweeping $1.1 trillion spending bill to fund the government through September and prevent a shutdown later this week.

The measure is the main piece of business facing the lame-duck Congress that hopes to adjourn this week. Republicans will take over the Senate when the new Congress reconvenes next month.

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Also on this week's packed agenda is renewing the government's terrorism insurance programs, which is eagerly sought by the construction industry. There's also a one-year renewal of a package of expiring tax breaks for both individuals and business. Also on the agenda is a defense policy measure that renews the Pentagon's authority to train Syrian rebels to battle Islamic State militants that control large swaths of Iraq and Syria.