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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, h
The two-step plan, a victory for House Speaker Mike Johnson, received bipartisan support in both chambers. It establishes new shutdown deadlines in January and February
Ending the threat of a government shutdown until after the holidays, Congress gave final approval Wednesday night to a temporary government funding package that pushes a confrontation over the federal budget into the new year. The Senate met into the night to pass the bill with an overwhelming 87-11 tally and send it to President Joe Biden for his signature one day after it passed the House on an overwhelming bipartisan vote. It provides a funding patch into next year, when the House and Senate will be forced to confront and somehow overcome their considerable differences over what funding levels should be. In the meantime, the bill removes the threat of a government shutdown days before funding would have expired. This Friday night there will be no government shutdown, Senate Majority Leader Chuck Schumer said in a floor speech ahead of the final vote. The spending package keeps government funding at current levels for roughly two more months while a long-term package is ...
Closing Bell on October 3, 2023: In the broader markets, the key indices outperformed the frontline indices with the BSE MidCap index gaining 0.09%, and the BSE SmallCap index advancing 0.6%
Apart from Ethereum, almost all the major crypto coins traded range bound in the last one week
The US Congress is at a crossroads days before a disruptive federal shutdown that would halt paychecks for many of the federal government's roughly 2 million employees
The border wall to stem illegal immigration was a signature pledge from Trump's 2016 campaign
Wall Street traders aren't the only ones who rely on government economic data
A Trump adviser said the president's view of Pelosi has not changed
The partial shutdown of the US government, now in its 34th day, is the longest in history
The annual tax filing season for Americans to file their 2018 returns is scheduled to open on Jan 28 and run through April 15
Democratic leaders in the House of Representatives floated the idea of ending the partial government shutdown by giving Trump most or all of the money he seeks for security
Customs, tax and emergency management officials are all among the crowd, having gone unemployed since December 22
Trump administration is trying to conduct advance preparation for an address in the House Chambers
A senior Republican Senate aide said it was unlikely Republicans would sign on to the short-term funding bill, and that even if they did, the president would not sign it
In 2013, the government repaid even furloughed workers what they would have earned had the shutdown not happened
There is little hope that the broad divide between Trump and Democrats over his demand for more than $5 billion for a border wall would be bridged anytime soon
White House signals that talks to reopen the federal government could produce an agreement between Republicans and Democrats.
The mess has contributed to worries over the outlook for the US economy in 2019, following a surging 2018 performance
On Sunday, a top Trump aide said the shutdown could continue to January 3, when the new Congress convenes and Democrats take control of the House