Economy

Government shutdown narrowly avoided after Republicans, Democrats make funding deal

The U.S. government will be funded for another three months, thanks to a bipartisan funding agreement reached on Sunday that avoids a government shutdown.

The agreement maintains funding until Dec. 20, with the House likely to vote on the bill as early as Wednesday.

The development was announced in a press release by Senate Majority Leader Chuck Schumer, D-N.Y.

‘Over the past 4 days, bipartisan, bicameral negotiations have been underway to reach an agreement that maintains current funding through December 20 and avoids a government shutdown a month before the election,’ Schumer’s statement reads.

‘While I am pleased bipartisan negotiations quickly led to a government funding agreement free of cuts and poison pills, this same agreement could have been done two weeks ago.’

The bill also includes $231 million for the U.S. Secret Service with conditions that the agency cooperates with congressional investigations.

This breaking news story is developing. Check back with us for updates.

This post appeared first on FOX NEWS

You May Also Like

Stock

Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

Investing

ASX-listed Antilles Gold (ASX:AAU, OTCQB:ANTMF) is an Australian mining company focused on gold and copper projects in Cuba through joint ventures with the Cuban...

Latest News

A man accused of murdering his girlfriend in Boston before fleeing to Kenya has been re-arrested following his escape from a police station in...

Latest News

Five people have died and 49 are unaccounted for after a multi-story building collapsed Monday afternoon in the South African city of George, officials...

Disclaimer: Nationalfinancialnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 nationalfinancialnews.com