"Congress Plans to Sell Off Northeast Gasoline Reserve and Block China from Purchasing Oil in 2024 Funding Bill"

The US plans to sell off its entire Northeast Gasoline Supply Reserve, located in New York Harbor, Boston, and South Portland, as part of a bill to raise funds for federal departments. The reserve, established after Superstorm Sandy, has never been used and costs $16 million annually to maintain. Critics argue that shutting it down could leave the region vulnerable to supply disruptions, while supporters claim it is too small to be effective. The bill also includes provisions to prevent the sale of reserve oil to entities linked to the Chinese Communist Party and would keep non-defense spending relatively flat compared to last year.