By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
Videos
Tesla stock sinks following Q2 earnings, Trump warns of 15 to 50% tariffs
14 hours ago
Videos
How Bezos-Backed Slate Plans To Build An Affordable EV Truck In The U.S.
15 hours ago
News
UK ready to put ‘boots on ground’ in Ukraine if ceasefire reached, says minister
1 day ago
Videos
Tesla bull Dan Ives on why he’s still betting on the stock, Trump to tour Federal Reserve renovation
2 days ago
Videos
Why The Microplastics Crisis Will Only Get Worse
2 days ago
News
Hon Hai Precision Industry Co., Ltd. (HNHAF) Q2 2025 Earnings Call Transcript
2 days ago
News
US wholesale prices jump 3.3% as Trump tariffs hit economy
2 days ago
News
Initial tax data allays fears of non-dom exodus from UK
2 days ago
Videos
Why these two female founders took a shot on the tequila market
3 days ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Stop-gap funding measure to avert US shutdown passes key hurdle
News

Stop-gap funding measure to avert US shutdown passes key hurdle

News Room
Last updated: 2023/09/30 at 3:28 PM
By News Room
Share
3 Min Read
SHARE

Receive free US politics & policy updates

We’ll send you a myFT Daily Digest email rounding up the latest US politics & policy news every morning.

The House of Representatives on Saturday passed a last-minute compromise funding measure with bipartisan support, bringing Washington one step closer to averting a damaging shutdown of the US government.

The House voted 335-91 on a deal that would keep the government funded at current levels for another 45 days, postponing the risk of a shutdown until mid-November.

All but one Democratic House member joined with the majority of Republicans in supporting the measure, while 90 Republicans broke with Speaker of the House Kevin McCarthy in opposing the deal.

The bill now heads to the Senate, which Democrats control by a razor-thin margin. The Senate has until midnight on Saturday to approve the agreement and avert a shutdown.

But it remains unclear whether the bill will be approved by the upper chamber, where a similar stop-gap proposal had included some $6bn in additional US aid for Ukraine. The measure passed by the House excludes funding for Ukraine.

While many House Republicans have been wary of providing more support for Kyiv, influential Senate Republicans, including Mitch McConnell, have been resolute about the need to back Ukrainian president Volodymyr Zelenskyy.

Saturday’s vote in the House came after days of failed attempts at compromise that cast doubt on McCarthy’s leadership.

A shutdown appeared all but certain late on Friday after 21 Republican rebels voted against a different stop-gap funding measure proposed by McCarthy. House Democrats also voted against the measure because it included steep budget cuts.

But on Saturday McCarthy came back with the new offer to continue funding the government at current levels for another 45 days.

Democrats have placed the blame for the shutdown drama on Republicans, given a small but powerful minority of hardliners in the House have hindered several proposed compromise deals in recent days.

Hakeem Jeffries, the top House Democrat, lambasted “extreme” Republicans for “marching us to a dangerous government shutdown” as he spoke at length on the House floor ahead of Saturday’s vote.

“We’re supposed to believe that the chaos, the dysfunction, the extremism is largely a result of the narrow niche of the Republican majority,” he said. “We had the same exact majority — extremely narrow — on the other side of the aisle and instead of chaos, dysfunction and extremism, we got things done for the American people.”

The White House has also blamed House Republicans for the dysfunction, insisting Congress bears responsibility for funding the federal government.

Read the full article here

News Room September 30, 2023 September 30, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Tesla stock sinks following Q2 earnings, Trump warns of 15 to 50% tariffs

Watch full video on YouTube

How Bezos-Backed Slate Plans To Build An Affordable EV Truck In The U.S.

Watch full video on YouTube

UK ready to put ‘boots on ground’ in Ukraine if ceasefire reached, says minister

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Tesla bull Dan Ives on why he’s still betting on the stock, Trump to tour Federal Reserve renovation

Watch full video on YouTube

Why The Microplastics Crisis Will Only Get Worse

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

UK ready to put ‘boots on ground’ in Ukraine if ceasefire reached, says minister

By News Room
News

Hon Hai Precision Industry Co., Ltd. (HNHAF) Q2 2025 Earnings Call Transcript

By News Room
News

US wholesale prices jump 3.3% as Trump tariffs hit economy

By News Room
News

Initial tax data allays fears of non-dom exodus from UK

By News Room
News

Levi Strauss Stock: DTC Drives Outperformance; Initiate At ‘Hold’ (NYSE:LEVI)

By News Room
News

Iranians seize more daily freedoms after war

By News Room
News

Lebanon’s president warns Iran against ‘interference’ over Hizbollah

By News Room
News

South Korea’s former first lady in solitary confinement after bribery arrest

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?