As shutdown looms, congressional leaders ready stopgap bill to extend government funding to March

2024-12-26 11:01:56 source:lotradecoin exclusive trader benefits category:Stocks

WASHINGTON (AP) — 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 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 Sunday, would come as House Speaker Mike Johnson, R-La., 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 Friday that he is sticking with the deal he struck with Senate Majority Leader Chuck Schumer, D-N.Y., 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, he has yet to show how he will quell the revolt from his right flank that ousted his predecessor.

“Our top-line agreement remains,” Johnson said Friday, referring to the budget accord reached Jan. 7.

That accord sets $1.66 trillion in spending for the next fiscal year, with $886 billion of the tally going to defense.

More:Stocks

Recommend

California judges say they’re underpaid, and their new lawsuit could cost taxpayers millions

California judges make a good living. They earn at least $240,000 and can count on a raise just abou

Warming Trends: GM’S EVs Hit the Super Bowl, How Not to Waste Food and a Prize for Climate Solutions

No Offense, NorwayGeneral Motors is kicking off its big push for electric vehicles with a goofy, sta

Scandoval Shocker: The Real Timeline of Tom Sandoval & Raquel Leviss' Affair

After months of controversy and questioning, Raquel Leviss finally SUR-ved up the truth about her mo