Congress Averts Shutdown, Approves Stopgap Funding to March
By Rediff Money Desk, WASHINGTON Jan 14, 2024 05:33
Congressional leaders have agreed to a temporary spending bill to prevent a government shutdown next week, extending funding for federal agencies until March.
Washington, Jan 14 (AP) Congressional leaders are preparing a stopgap bill to keep the federal government running into March and avoid a partial shutdown next week.
The temporary measure will run to March 1 for some federal agencies whose approved funds are set to run out on Friday and extend the remainder of government operations to March 8. That's according to a person familiar with the situation and granted anonymity to discuss it.
The stopgap bill, expected to be released on Sunday, would come as House Speaker Mike Johnson has been under pressure from his hard-right flank in recent days to jettison a recent bipartisan spending deal with Senate Democrats.
The bill would need Democratic support to pass the narrowly divided House.
Johnson insisted on Friday that he is sticking with the deal he struck with Senate Majority Leader Chuck Schumer, despite pressure from some conservatives to renegotiate.
Moderates in the party had urged him to stay the course.
Still, in his first big test as the new leader, he has yet to show how he will quell the revolt from his right flank that ousted his predecessor.
"Our top-line agreement remains," Johnson said on Friday, referring to the budget accord reached January 7.
That accord sets USD 1.66 trillion in spending for the next fiscal year, with USD 886 billion of the tally going to defence.
Hard-right members have criticised the deal, including several of those who helped oust former Speaker Kevin McCarthy from the speaker's office last year after he struck a spending deal with Democrats and President Joe Biden.
Some have already raised the threat of a motion to oust Johnson over the deal, not even three months after he was elected.
The hard-right flank is also insisting that new immigration policies be included, which they say would stop the record flow of migrants at the US-Mexico border.
Johnson met with about two dozen House Republicans this past week, many of them centrist-leaning voices urging him not to go back on his word and stick with the deal. The centrists assured Johnson they have his back.
"I just can't imagine the House wants to relive the madness," said Representative French Hill, who had helped McCarthy negotiate the initial agreement with Biden and the other leaders.
The temporary measure will run to March 1 for some federal agencies whose approved funds are set to run out on Friday and extend the remainder of government operations to March 8. That's according to a person familiar with the situation and granted anonymity to discuss it.
The stopgap bill, expected to be released on Sunday, would come as House Speaker Mike Johnson has been under pressure from his hard-right flank in recent days to jettison a recent bipartisan spending deal with Senate Democrats.
The bill would need Democratic support to pass the narrowly divided House.
Johnson insisted on Friday that he is sticking with the deal he struck with Senate Majority Leader Chuck Schumer, despite pressure from some conservatives to renegotiate.
Moderates in the party had urged him to stay the course.
Still, in his first big test as the new leader, he has yet to show how he will quell the revolt from his right flank that ousted his predecessor.
"Our top-line agreement remains," Johnson said on Friday, referring to the budget accord reached January 7.
That accord sets USD 1.66 trillion in spending for the next fiscal year, with USD 886 billion of the tally going to defence.
Hard-right members have criticised the deal, including several of those who helped oust former Speaker Kevin McCarthy from the speaker's office last year after he struck a spending deal with Democrats and President Joe Biden.
Some have already raised the threat of a motion to oust Johnson over the deal, not even three months after he was elected.
The hard-right flank is also insisting that new immigration policies be included, which they say would stop the record flow of migrants at the US-Mexico border.
Johnson met with about two dozen House Republicans this past week, many of them centrist-leaning voices urging him not to go back on his word and stick with the deal. The centrists assured Johnson they have his back.
"I just can't imagine the House wants to relive the madness," said Representative French Hill, who had helped McCarthy negotiate the initial agreement with Biden and the other leaders.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.68 ( -1.45)
- 110203775
- Vodafone Idea L
- 7.67 ( -2.04)
- 25228088
- Excel Realty N Infra
- 1.23 (+ 4.24)
- 23518630
- AvanceTechnologies
- 0.95 ( -3.06)
- 20092616
- Sagility India
- 29.36 ( -2.13)
- 17083437
MORE NEWS
Rising Rajasthan Global Investment Summit:...
Rajasthan's Chief Minister highlights the upcoming 'Rising Rajasthan Global Investment...
Pernod Ricard Tops Indian Spirits Market with...
Pernod Ricard surpasses Diageo-owned United Spirits as India's largest spirit maker,...
Overseas Group Bids to Acquire PIA for Rs 130...
An overseas Pakistani group has proposed to acquire Pakistan International Airlines...