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President Biden approves budget, US government narrowly escapes shutdown

Báo Quốc TếBáo Quốc Tế22/12/2024

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.


Lãnh đạo phe đa số Dân chủ tại Thượng viện Chuck Schumer giơ ngón tay cái lên khi bước ra khỏi Phòng Thượng viện. (Nguồn: Getty Images)
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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