Lockdown was avoided in the USA
Funding is now secured until the end of the current financial year on September 30.
At $886 billion, the largest portion of the United States budget goes to the Department of Defense.
Photo: Drago/Bloomberg
The US Congress successfully averted an imminent shutdown of government business at the last minute. The Senate in Washington voted on Saturday evening (local time) on a $1.2 trillion budget package. $ after the House of Representatives earlier approved the bill. US President Joe Biden signed the budget package negotiated in Congress on Saturday. Without reaching an agreement, some federal institutions and authorities could have been forced to temporarily halt their operations. After months of wrangling between Democrats and Republicans, funding is now secured until the end of the current fiscal year on September 30.
The Ministry of Defense represents the largest portion of the budget at $886 billion. However, due to Republican resistance, Biden's billions in military aid to Ukraine was not included.
Because of deep disagreements between Democrats and Republicans under Biden, the last six months of the current fiscal year have repeatedly been filled only by short-term transition budgets. Disagreements in Congress have long raised concerns about the possibility of a so-called government shutdown with potentially serious economic consequences for the global economy.
Reuters
Did you find an error? Report now.
“Tv expert. Hardcore creator. Extreme music fan. Lifelong twitter geek. Certified travel enthusiast. Baconaholic. Pop culture nerd. Reader. Freelance student.”
More Stories
That general meeting was 2024
Mercedes Works Council Chairman: American colleagues must vote in favor of the union
Customer is upset about aluminum curd caps