Latest News

: House passes stopgap spending bill to avert government shutdown

The House of Representatives on Tuesday approved a short-term spending bill that would stave off a looming government shutdown, as lawmakers bought time to work on a bigger budget agreement.

The House bill funds the government through March 11, and now goes to the Senate for a separate vote. President Joe Biden would need to sign the measure into law to avoid a partial shutdown at 12:01 a.m. on Feb. 19.

House and Senate lawmakers have been trying to come up with a comprehensive budget package that would fund the government through Sept. 30, which is the end of the 2022 fiscal year.

On Monday, House Appropriations Committee Chairwoman Rosa DeLauro, a Connecticut Democrat, said lawmakers were making progress on a bigger deal, but more time was needed.

“Our country needs a government funding agreement to create good-paying jobs, grow opportunity for the middle class, and protect our national security,” she said in a statement. “We are close to reaching a framework government funding agreement, but we will need additional time to complete the legislation in full.”

Also read: Here’s how the stock market has performed in past government shutdowns

You may also like

Leave a reply

Your email address will not be published.

More in Latest News