US Congress passes stopgap funding bill to avert government shutdown The US Senate has passed a #stopgap funding bill to avert a government #shutdown. As many as 85 senators backed the bill, while 11 voted against it. The House of Representatives passed the legislation earlier. The bill extends government funding through March 14 and allocates over $100 bln for disaster relief. The document will now be submitted to US President Joe Biden for singing. According to the White House, Biden plans to sign the bill on Saturday. The Congress was expected to pass the bill until midnight (5:00 a.m. GMT on Saturday) in order to avert a government shutdown. US lawmakers have so far been unable to approve a federal budget for the fiscal year that began on October 1. Meanwhile, the White House said earlier that the Office of Management and Budget "has ceased shutdown preparations."

Government Shutdown Looms as Deadline Nears The House of Representatives has rejected a stopgap funding bill backed by President-elect Donald Trump, leaving negotiations in a race against tonight’s midnight deadline. With 38 Republicans joining Democrats, the vote of 235 to 174 has put the federal government on the brink of a shutdown. The Sticking Points - Trump’s proposed resolution included three months of stopgap funding, a two-year debt ceiling suspension, $100 billion in disaster aid, and farmer support packages. This followed his controversial call to permanently repeal the debt ceiling, a rule that currently caps Treasury borrowing at $36 trillion. The debt ceiling suspension, enacted in June 2023, is set to expire on January 1, 2025. Its fate now hangs in the balance as lawmakers scramble to prevent the shutdown. Potential Impact - A government #shutdown would furlough millions of federal workers, though essential services like military operations and air traffic control would remain active.