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Fiscal Year Funding

All articles tagged with #fiscal year funding

politics2 years ago•3 min saved

"Congressional Leaders Reach Bipartisan Spending Deal to Avert Shutdown"

Congressional leaders in the US have reached a $1.59 trillion spending deal, sparking a race to pass the bills before a potential government shutdown. The agreement sets a Jan. 19 deadline for the first set of bills to move through Congress and a Feb. 2 deadline for the remainder. Disagreements persist over defense and non-defense spending figures, with hardline House Republicans criticizing the deal. President Biden and top Senate Republican Mitch McConnell expressed encouragement, while the chaotic year in Congress has seen struggles over funding and leadership changes.

via Yahoo Finance|

#bipartisan-agreement #fiscal-year-funding #government-shutdown

politics2 years ago•4 min saved

"Congressional Leaders Reach Spending Deal to Avoid Shutdown"

The top Democrat and Republican in the US Congress have reached a $1.59 trillion spending deal, setting off a race for lawmakers to pass the bills before a potential government shutdown. Disagreements remain over the allocation of funds for various agencies, with a Jan. 19 deadline for the first set of bills to move through Congress. The agreement could face challenges from hardline House Republicans, but President Biden and Senate Republican Mitch McConnell have expressed encouragement for the deal.

via Reuters|

#bipartisan-agreement #fiscal-year-funding #government-shutdown

politics2 years ago•3 min saved

Government Shutdown Looms as US House Pushes for Spending Cuts

The Republican-controlled US House of Representatives plans to push for steep spending cuts this week, despite the risk of a partial government shutdown by next Sunday. House Speaker Kevin McCarthy had previously reached a spending agreement with Democratic President Joe Biden to avoid a shutdown, but some members of his own party are demanding steeper cuts that are likely to be rejected by the Democratic-controlled Senate. If Congress fails to provide funding for the new fiscal year starting on October 1, hundreds of thousands of federal workers could be furloughed and various services suspended. McCarthy hopes to pass a stopgap spending bill to avoid a shutdown, but faces opposition from hardline Republicans.

via Reuters|

#fiscal-year-funding #kevin-mccarthy #politics

politics2 years ago•4 min saved

"House GOP's Struggle for a Government Shutdown Deal and McCarthy's Ineffectiveness"

House Republicans are working on a plan to move long-term spending bills through the chamber next week, despite facing opposition from hard-right lawmakers. Speaker Kevin McCarthy is determined to find a solution to fund the government without relying on Democratic support. The proposal is to consider and amend bills that would fund four government departments for the entire fiscal year of 2024. However, it remains uncertain if Republicans have enough support to overcome a procedural vote. Meanwhile, Senate Majority Leader Charles Schumer has suggested that the Senate may have to move their short-term funding solution before the House next week. Negotiations are ongoing, and the Senate is expected to vote on a continuing resolution on Tuesday.

via The Washington Post|

#fiscal-year-funding #funding-bills #government-shutdown