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

Editor's Pick

Hollywood executives, performers and thousands of other Californians filed into a Los Angeles theater last month, expecting a star-studded fundraiser for President Biden, backed...

Editor's Pick

Former independent presidential candidate Robert F. Kennedy Jr. is back in the headlines — not for suspending his campaign last week and endorsing Republican...

Editor's Pick

The Pentagon on Wednesday declared an end to its sea-based humanitarian mission off Gaza, an effort that enabled delivery of millions of pounds of...

Latest News

Panama has placed barbed wire across several routes in the Darién Gap, the country’s Ministry of Public Security said in a statement Thursday, in a...

Disclaimer: Pertxpert.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 pertxpert.com