Key Takeaways
- President Biden signed a spending invoice into legislation Saturday averting a authorities shutdown.
- The stopgap measure is anticipated to maintain the federal authorities funded by way of March, when Republicans will management the White Home and each chambers of Congress.
- The invoice handed with out a debt ceiling extension, a provision President-elect Trump had known as for.
President Joe Biden signed a stopgap spending invoice into legislation Saturday to maintain the federal authorities funded and keep away from a disruptive shutdown.
Home legislators had come to an settlement on a funds extension simply earlier than the federal government shutdown deadline Friday, and the Senate permitted the measure early Saturday. The invoice is anticipated to maintain the federal authorities funded by way of March, when Republicans will management the White Home and each chambers of Congress. Shutdowns sometimes happen when one get together controls the White Home and the opposite the Senate or the Home of Representatives as they use the talks to cut price throughout the aisle.
By legislation, the federal authorities’s funds is due earlier than the start of the fiscal 12 months on Oct. 1. Nevertheless, lawmakers handed short-term measures extending the deadline to Dec. 20 to permit time for each events to agree on how Congress ought to spend its cash. This has grow to be commonplace in current many years; funds payments have been on time solely 4 occasions since 1977, in line with an evaluation by the Pew Analysis Heart, a nonprofit analysis group.
This time, lawmakers have been scrambling to satisfy the deadline regardless of seemingly agreeing on a funds deal final week. On Tuesday, congressional leaders mentioned that they had come to a compromise that will lengthen authorities funding by way of March. Nevertheless, President-elect Donald Trump and his newly appointed funds advisor, Elon Musk, made statements on social media Thursday that criticized the deal, inflicting Republicans to drag again.
The brand new invoice handed with out a debt ceiling extension, a provision Trump had particularly known as for in his name to lawmakers.
UPDATE—Dec. 21, 2024: This text has been up to date to replicate occasions that transpired because it was first printed.