House Passes Short-Term Debt Deal: In a 316-90 vote, the House passed a short-term bill to raise the debt ceiling and fund the government through December 8. The bill also includes more than $15 billion in hurricane and disaster recovery aid. The 90 votes in opposition were all from Republicans. This legislation previously passed the Senate and the president is expected to sign the bill quickly.
Miscellaneous Guidance: Revenue Ruling 2017-18 provides the interest rates for tax overpayments and underpayments for the third calendar quarter of 2017, beginning October 1. The interest rates remain unchanged from last quarter at 4% for overpayments (3% in the case of a corporation), 4% for underpayments, 1.5% for the portion of a corporate overpayment exceeding $10,000, and 6% for large corporate underpayments.