Close Menu
    What's Hot

    Empery Digital buys back 23.63M shares under $200M repurchase program

    March 30, 2026

    An Nvidia-Backed AI Search Startup Is Hiring ‘Rebellious’ Engineers

    March 30, 2026

    Trading Oil With Crypto? Is It Time to Long Oil?

    March 30, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Economy»US Congress scrambles to try to avert government shutdown By Reuters
    Economy

    US Congress scrambles to try to avert government shutdown By Reuters

    Press RoomBy Press RoomFebruary 28, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    US Congress scrambles to try to avert government shutdown
    © Reuters. FILE PHOTO: A man uses his mobile phone near the U.S. Capitol in Washington, U.S., January 10, 2024. REUTERS/Nathan Howard/File Photo

    By Makini Brice and Richard Cowan

    WASHINGTON (Reuters) -The U.S. Congress on Wednesday worked behind closed doors to avert a partial government shutdown, slowed by disagreements between the two parties and within the fractious House Republican majority over budget and policy priorities.

    Congressional leaders reached a deal on government funding that could clear the way for votes on six of the 12 fiscal 2024 government spending bills, along with new deadlines for later in March for approving all of these measures, Politico reported.

    Aides to congressional leaders were not immediately available for comment.

    Senate Majority Leader Chuck Schumer, a Democrat, opened the Senate earlier Wednesday declaring that “we are very close” to an agreement on legislation funding a handful of government agencies through Sept. 30, the end of the current fiscal year.

    But Schumer provided no details.

    Republican House of Representatives Speaker Mike Johnson has offered Democrats the possibility of a fourth short-term stopgap measure to avert a government shutdown after funding runs out on Friday. But first, Democrats and Republicans would have to cut a deal on a number of fiscal 2024 appropriations bills that face staggered deadlines of March 1 and March 8 for the array of government agencies.

    A continuing resolution, or “CR,” could extend the shutdown deadlines to March 8 and March 22.

    “Any CR would be part of a larger agreement to finish a number of appropriations bills, ensuring adequate time for drafting text and for members to review prior to casting votes,” Johnson spokesperson Athina Lawson said in a statement.

    Without passage of some sort of legislation by early Saturday, operations within the departments of Agriculture, Energy, Veterans Affairs, Transportation, and Housing and Urban Development could be curtailed. Construction at some U.S. military installations also could be stalled.

    Schumer and Johnson have traded blame despite an agreement reached last month on $1.59 trillion in discretionary spending for the fiscal year.

    Hardliners within Johnson’s thin Republican majority in the House have sought spending cuts and policy changes, including some related to abortion and food aid, on the funding bills, which Democrats have balked at.

    The furious closed-door negotiating comes as the current national debt stands at $34.3 trillion and is rapidly rising. Rating agency Moody’s (NYSE:) said in September a government shutdown would hurt the country’s credit rating.

    In addition to the government funding bills, Congress is also struggling to pass a $95 billion national security funding bill, including new aid for Ukraine and Israel, which Biden has urged. The Senate passed a bill, but it has been held up in the House.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Wall Street slides as valuation concerns, rate-cut jitters linger

    November 18, 2025

    Wall St opens lower as valuation concerns, rate-cut jitters linger

    November 18, 2025

    They solved for the Kansas City Chiefs enforcement equilibrium

    September 5, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Empery Digital buys back 23.63M shares under $200M repurchase program

    March 30, 2026

    An Nvidia-Backed AI Search Startup Is Hiring ‘Rebellious’ Engineers

    March 30, 2026

    Trading Oil With Crypto? Is It Time to Long Oil?

    March 30, 2026

    Oil surges as Brent nears record monthly gain following Houthi attacks on Israel (CO1:COM:Commodity)

    March 30, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.