Congress eating Whopper

WASHINGTON (Reuters) - The U.S. Congress, facing yet another government shutdown deadline at midnight on Friday, will try this week to approve a massive spending bill that would end lawmakers’ nettlesome budget infighting, at least through Sept. 30.
Republican leaders in the House of Representatives hope to unveil soon the product of long negotiations over a $1 trillion spending bill. It would fund all of the federal government’s activities, except for the gigantic “mandatory entitlement” programs such as Social Security and Medicare, which do not have to be renewed annually.

They have little prediction on interest expenses, and that us the fourth or fifth largest budget item. I doubt the construction industry could suffer a 3% ten year. But congress could easily blunder and add 30 basis points to the bond yield/ Then we are back to QE.  It is a long can kick and swampers  have to make tinny adjustments.  I have my doubts.