Home BUSINESS Biden indicators invoice to briefly avert authorities shutdown, assist to Israel and Ukraine stays stalled

Biden indicators invoice to briefly avert authorities shutdown, assist to Israel and Ukraine stays stalled

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Biden indicators invoice to briefly avert authorities shutdown, assist to Israel and Ukraine stays stalled

US President Biden delivered a speech on the Asia-Pacific Financial Cooperation (APEC) Summit in San Francisco, California, USA on November 16, 2023.

Kevin Lamarque | Reuters

President Joe Biden signed a stopgap spending invoice a day earlier than a possible authorities shutdown, delaying a struggle with congressional Republicans over the federal price range till the brand new 12 months, whereas wartime assist to Ukraine and Israel stays stalled.

The measure handed the Home and Senate this week with broad bipartisan margins, making certain the federal government stays open by way of the tip of the vacation season and doubtlessly giving lawmakers extra time to handle their hefty ranges of presidency spending throughout the present price range 12 months. Disagreement. Biden signed the invoice Thursday in San Francisco, the place he was internet hosting an Asia-Pacific Financial Cooperation summit.

Information of the signing got here late at night time. The president signed the invoice on the Legion of Honor Museum, the place he hosted a dinner for APEC members.

The spending plan retains authorities funding at present ranges for about two months whereas longer-term plans are negotiated. It splits the deadline for passing a full-year appropriations invoice into two dates: Jan. 19 for some federal companies and Feb. 2 for others, creating two dates when the federal government may very well be vulnerable to a partial shutdown.

The 2-step method is backed by new Home Speaker Mike Johnson, a Republican, however not by many within the Senate, though all however one Democrat and 10 Republicans assist it , because it ensures that the federal government gained’t shut down in the meanwhile.

Johnson vowed he wouldn’t assist any additional stopgap funding measures, referred to as persevering with resolutions. He described the non permanent appropriations invoice as laying the groundwork for subsequent 12 months’s spending “struggle” with the Senate.

The spending invoice doesn’t embrace the White Home’s request for almost $106 billion in wartime assist to Israel and Ukraine. It additionally doesn’t present humanitarian funding and different supplemental requests for Palestinians, together with funding for border safety. After the Thanksgiving vacation, lawmakers could focus extra totally on the request in hopes of reaching a deal.

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