US Congressman Reach An Accord To Prevent Government Shutdown

On Saturday, congressional leaders in Washington agreed to fund the government until early March.

The plan was announced shortly before the deadlines of January 19 and February 2, when federal agencies would have run out of cash under the two-tranche arrangement.

The short-term bill, also known as a continuing resolution, will keep the government operating until March 1 and 8, according to the source, allowing lawmakers to reach an agreement on broader budget and spending details.

To avert a government shutdown, the continuing resolution must be passed by both houses of Congress.

Last weekend, US senators announced that they had reached an agreement on fiscal year 2024 funding levels, establishing a topline government spending limit of approximately $1.6 trillion.

The pact, unveiled by Republican House Speaker Mike Johnson and Democratic leaders in Congress, includes an increase in Pentagon spending to $886 billion and $773 billion in non-defence discretionary budget.

Stop-gap funding solutions are frequently utilized to keep the US government operational during periodic political squabbles about how to spend money and address mounting national debt.

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