US Congress Leaders Reach Agreement to Avoid Government Shutdown

US Congress Leaders Reach Agreement to Avoid Government Shutdown/AFP

US Congress Leaders Reach Agreement to Avoid Government Shutdown

Washington: Congressional leaders in Washington have reached a deal to keep the government funded until early March, a source familiar with the negotiations told AFP on Saturday.

Announcement of the proposal comes just before January 19 and February 2 deadlines, when federal agencies would have run out of funding in the two-tranche approach.

The short-term bill, also called a continuing resolution, will keep the government open until March 1 and 8, the source said — giving lawmakers time to agree on larger budget and spending particulars.

The continuing resolution will need to be passed by both houses of Congress for the country to avoid a government shutdown.

Last weekend US lawmakers announced they had come to an agreement on fiscal year 2024 funding totals, establishing a roughly $1.6 trillion “topline” federal spending limit.

That deal, announced by Republican House Speaker Mike Johnson and Democratic leaders in Congress, includes an increase in Pentagon spending to some $886 billion and some $773 billion for non-defense discretionary funding.

Stop-gap funding measures are often used to keep the US government open amid frequent political squabbles over how to spend money and tackle rising national debt.

(Except for the headline, this story has not been edited by VoM News staff and is published from a syndicated feed.)

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