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US Congress approves funding bill hours before govt shutdown deadline

Business Standard LogoBusiness Standard6h ago

US Congress approves funding bill hours before govt shutdown deadline - Business Standard

Quick Summary:

Hours to go before a midnight government shutdown, the House approved a new plan late Friday from Speaker Mike Johnson that would temporarily fund federal operations and disaster aid, but drops President-elect Donald Trump's demands for a debt limit increase into the new year.

But the day's outcome was uncertain after Trump doubled down on his insistence that a debt ceiling increase be included in any deal -- if not, he said in an early morning post, let the closures "start now".

Johnson insisted Congress would "meet our obligations" and not allow federal operations to shutter ahead of the Christmas holiday season.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 06:53:52 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 986 words

Reading Time: 6 minutes read

Sentences: 29 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24571909

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 210 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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