The White House announced that US President Joe Biden on December 21 signed into law a bill to fund the federal government through mid-March 2025, thereby avoiding the risk of a partial shutdown just days before Christmas.
Senate Democratic Majority Leader Chuck Schumer gives a thumbs up as he leaves the Senate Chamber. (Source: Getty Images) |
Earlier the same day, the bill was passed by both houses of the US Congress , just minutes before the deadline at midnight on December 21.
An initial bipartisan deal was rejected by President-elect Donald Trump and Elon Musk earlier this week, and then on the night of December 19, the House failed to pass a revamped plan that included Trump’s request to extend the debt limit.
The revised spending bill to fund federal agencies through mid-March of next year includes some changes from the previously rejected bill, including an additional $100 billion for disaster relief and recovery from Hurricanes Milton and Helene, and $10 billion in economic aid for farmers. The bill also includes a provision to extend the Farm Bill by one year.
However, the bill does not include a debt ceiling increase, although Republican lawmakers have agreed to raise it to $1.5 trillion in exchange for cutting government spending by $2.5 trillion over the next 10 years.
Source: https://baoquocte.vn/tong-thong-biden-phe-chuan-ngan-sach-chinh-phu-my-thoat-nguy-co-dong-cua-trong-gang-tac-298276.html
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