Just five days remain until a key government funding deadline, and even after congressional leaders on both sides of the aisle announced a deal to avert a shutdown until March, the schedule leaves little room for error. On Sunday night, House Speaker Mike Johnson and Senate Majority Leader Ch...
Key housing and inflationary data and the stock market debut of eyeglasses retailer Warby Parker top the week ahead as theU.S. Government faces a shutdown. This after the Dow Jones Industrial Average and S&P 500 edged higher on Friday, while the Nasdaq finished little changed. ...
If the funding deadline passes without Congress authorizing more spending, the government must fully or partially shut down, depending on which agencies are already funded. Lawmakers usually buy themselves more time by passing what's known as a continuing resolution, which temporarily extends current ...
Washington — A last-minute deal was reached Saturday to avert a government shutdown. House Speaker Kevin McCarthy brokered a bipartisan short-term spending bill that passed both the House and Senate with mere hours to spare before the midnight deadline. The bill will fund the government ...
The House of Representatives is on recess until Sept. 9 – exactly three weeks ahead of the deadline to fund the government in the next fiscal year.
In staving off a shutdown by passing a “clean” stopgap bill, lawmakers punt the debt limit issue further down the road with another key deadline fast approaching. Treasury Secretary Janet Yellen has warned that the federal government will likely run out ofcash and extraordinary measures by Oct...
off a government shutdown, as well as the resulting furlough of thousands of government employees, it appears unlikely that the House will be able to advance the necessary appropriations in time for the September 30 deadline. Even with temporary funding, a shutdown would not necessarily be ...
In the wee hours of the morning last weekend, Congress narrowly avoided a government shutdownwhen the Senate passeda $1.2 trillion annual government funding package. That vote happened on March 23, nearly six months into the fiscal year (which began on Oct. 1), and represented the fourth...
The upper chamber now needs agreement from all 100 senators to pass the stopgap before the deadline.