Joe Biden signs last-minute stopgap funding bill, averting government shutdown
Joe Biden signs last-minute stopgap funding bill, averting government shutdown
Share:

President Joe Biden on Thursday inked a nine-week stopgap funding bill that averts a government shutdown but fails to resolve the threat of a US default linked to the debt limit. Senate Republicans previously said that they would support a "clean" stopgap funding bill to avert a government shutdown, pressuring the Democrats to remove the debt limit provision.

Earlier in the day, the Senate and House of Representatives promptly cleared the bill, which will keep the government funded through December 3, according to reports. The Senate voted 65-35 to pass the bill, and the House vote was 254-175, with a few Republicans voting with Democrats. Senate Majority Leader Chuck Schumer announced Wednesday evening that an agreement had been reached.

With the stopgap funding bill approved and shut down temporarily avoided, Democrats will need to act quickly in the coming days on the debt limit, as Treasury Secretary Janet Yellen recently warned that lawmakers have until October 18 to raise or suspend the debt limit before the United States is expected to default on the national debt.

Yellen said that Congress should not wait until the last minute to raise the debt limit as estimates regarding how long the remaining extraordinary measures and cash may last can "unpredictably shift forward." Meanwhile, Democrats are facing hurdles from Republicans as well as members of their own party as they try to pass the USD 3.5 trillion spending package.

Civil War Continues! More than 130 people lost their lives within 2 days

Biden’s national security advisor heading to Cairo as Israel-Hamas tensions rise

North Korea demands Biden govt to permanently stop joint military exercise

 

Join NewsTrack Whatsapp group
Related News