"Congress Averts Government Shutdown with Short-Term Funding Bill"

1 min read
Source: Reuters
"Congress Averts Government Shutdown with Short-Term Funding Bill"
Photo: Reuters
TL;DR

The Democratic-majority U.S. Senate is set to vote on a bill to prevent a partial government shutdown, following the Republican-controlled House of Representatives' approval of a short-term stopgap measure to buy more time for agreeing on funding for the full fiscal year. The bill aims to extend federal funding by one week and set a March 22 deadline for other government agencies, with discussions also focusing on aid for Ukraine, Israel, and other allies. The repeated brinkmanship is impacting the nation's creditworthiness as its debt surpasses $34 trillion.

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