Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

US Senate passes stopgap funding bill to avert government shutdown

News Room by News Room
November 16, 2023
Reading Time: 2 mins read
0
Singapore hopes for substantial IPEF progress by APEC

By David Morgan and Moira Warburton

WASHINGTON (Reuters) -The U.S. Senate took the risk of an impending partial government shutdown off the table on Wednesday as it passed a stopgap spending bill and sent it to President Joe Biden to sign into law before a weekend deadline.

The 87-11 vote marked the end of this year’s third fiscal standoff in Congress that saw lawmakers bring Washington to the brink of defaulting on its more than $31 trillion in debt this spring and twice within days of a partial shutdown that would have interrupted pay for about 4 million federal workers.

The last near-miss with shutdown led to the Oct. 3 ouster of Republican U.S. House of Representatives Speaker Kevin McCarthy that left the chamber leaderless for three weeks.

But lawmakers have bought themselves just a little more than two months’ breathing room. The Democratic-majority Senate and Republican-controlled House of Representatives’ next deadline is Jan. 19, just days after the Iowa caucuses signal the start of the 2024 presidential campaign season.

“No drama, no delay, no government shutdown,” Democratic Senate Majority Leader Chuck Schumer said prior to the vote.

McCarthy’s successor, Speaker Mike Johnson, produced a stopgap funding bill that drew broad bipartisan support, a rarity in modern U.S. politics. Democrats said they were happy it stuck to spending levels that had been set in a May agreement with Biden and did not include poison-pill provisions on abortion and other hot-button social issues.

Republicans said they were eager to avoid the risk of a shutdown, which would have closed national parks and disrupted everything from scientific research to financial regulation. But hardline members of Johnson’s 221-213 Republican majority voiced anger at the compromise, saying they would try to rein in federal spending again when current funding expires.

“The speaker has now 10 days to work it out and get Republicans to actually stand up and fight when we get back,” Representative Chip Roy, a prominent hardliner, said as House lawmakers left Washington for a Thanksgiving holiday break. “We expect that fight when we get back.”

The legislation would extend funding for military construction, veterans benefits, transportation, housing, urban development, agriculture, the Food and Drug Administration and energy and water programs through Jan. 19. Funding for all other federal operations – including defense – would expire on Feb. 2.

The repeated fights over providing funding to keep the government operating – Congress’s most essential function – have prevented lawmakers from acting on other proposals, including Biden’s request for $106 billion in aid for Israel, Ukraine and U.S. border security.

Read the full article here

ShareTweetSendSend

Related Posts

Blue state loses over 180,000 residents in past 5 years as high taxes weigh
Economy

Blue state loses over 180,000 residents in past 5 years as high taxes weigh

March 4, 2026
Rent becoming more affordable for many Americans as market stabilizes
Economy

Rent becoming more affordable for many Americans as market stabilizes

March 2, 2026
Fed dissent grows as some officials weigh return to interest rate hikes amid stubborn inflation
Economy

Fed dissent grows as some officials weigh return to interest rate hikes amid stubborn inflation

March 1, 2026
Kevin Hassett says Fed economists should be 'disciplined' over tariff study
Economy

Kevin Hassett says Fed economists should be 'disciplined' over tariff study

February 28, 2026
Coal plants step up as historic winter storm pushes US power grid to the brink
Economy

Trump admin ramps up effort to revive coal industry as power demand surges

February 27, 2026
US businesses shift away from China under Trump tariffs
Economy

US businesses shift away from China under Trump tariffs

February 26, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Blue state loses over 180,000 residents in past 5 years as high taxes weigh
  • Homebuyers refuse to back down as mortgage rates continue hovering stubbornly near 6% mark
  • Rent becoming more affordable for many Americans as market stabilizes

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.