very clean" stopgapfunding measureto get the party into the new year. He is now left to deal with growing discontent among members of his own party as a Friday deadline looms.
Washington —House Speaker Kevin McCarthy on Saturdayreached a last-minute compromiseto keep the federal government running and avoid a costly shutdown. A 45-day stopgap spending bill with wide bipartisan support in both chambers passed both the House and Senate with hours to spare, and went to...
The U.S Capitol is seen after U.S, President-elect Donald Trump called on U.S. lawmakers to reject a stopgap bill to keep the government funded past Friday, raising the likelihood of a partial shutdown, on Capitol Hill in Washington, U.S., December 19, 2024. ...
Bridge loans generally offer short-term funding to cover time-pressing expenses, providing immediate cash flow. They are stopgap solutions that serve while borrowers await more permanent financing. Commercial or business bridge loanswork the same way as bridge loans in real estate, but they instead ...
MORE: Senate Republicans block debt limit measure, stopgap funding as government shutdown looms But the United States has never defaulted on its credit. This would be uncharted territory. The suspension of basically all previously approved government programs, and the ensuing economic shocks, would ...
As of this writing, Congress has only been able to pass stopgap federal funding bills. What might the implications be for FDA or other agencies if there’s a partial or full government shutdown? “That would be exceptionally unfortunate if there were a shut...
A shutdown happens when the U.S. Congress fails to pass some type of funding legislation that is signed into law by the president.
1. A GOVERNMENT FUNDING FIASCO With just over three weeksuntil Uncle Sam runs out of money, Johnsonhas laid out a planto pass another stopgap funding bill to keep the government running through either mid-January or mid-April. As you’ll recall,KEVIN McCARTHY’sembrace of a “continuing re...
Majority Whip Dick Durbin (D-Ill.) estimated that the upper chamber might not vote on the stopgap until Saturday, which would mean a very brief partial shutdown — although relatively few government services would be impacted by a brief overnight funding lapse on ...
while allowing the government to continue operating, are anything but stopgap measures that are inefficient and avoid long-term fiscal planning. However, they result from political gridlock and are likely a contributor to the national debt since CRs maintain funding levels that may not align with pr...