Biden signs government funding bill, averting a partial shutdown




  • In Business
  • 2022-09-30 22:28:51Z
  • By CBS MoneyWatch
 

President Biden has signed a short-term government funding bill to keep the government operating, the White House announced late Friday, avoiding a partial shutdown that would have otherwise occurred when the fiscal year runs out at midnight.

The law funds the federal government at current spending levels through Dec. 16, by which point Congress will have to pass additional legislation to keep the government running. The law also provides more than $12 billion in security and financial assistance to Ukraine, as it continues to push back against Russia's onslaught.

The White House thanked Senate and House leadership for pushing the funding across the finish line before the deadline.

But the short-term move only delays bigger decisions about congressional spending priorities. Those won't come until after the midterm elections determine control of the House and Senate. The Senate won't return until after the midterms.

The law also includes $1 billion to help families with heating and cooling costs, as well as $2.5 billion to assist New Mexico with recovery from the latest wildfire to hit the state and $20 million in emergency funding for water and infrastructure improvements in Jackson, Mississippi. It doesn't include the White House's desire for more funding in response to the COVID-19 pandemic and monkeypox outbreak.

Mr. Biden has indicated he may need to request additional funding from Congress to help Florida's recovery from Hurricane Ian.

- Melissa Quinn contributed to this report.

COMMENTS

More Related News

Sen. Raphael Warnock defeats scandal-prone Herschel Walker in Georgia Senate runoff
Sen. Raphael Warnock defeats scandal-prone Herschel Walker in Georgia Senate runoff

Democratic Sen. Raphael Warnock defeats Republican Herschel Walker, a Trump endorsee plagued by scandal, in the Senate runoff election in Georgia.

Ex-congressman charged with money laundering over $50m Venezuela deal
Ex-congressman charged with money laundering over $50m Venezuela deal

Republican David Rivera, arrested over consulting contract, also charged with acting as unregistered agent of Maduro government

Biden to visit Arizona computer chip site, highlight jobs
Biden to visit Arizona computer chip site, highlight jobs

President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies ...

Biden to visit Taiwan
Biden to visit Taiwan's TSMC chip plant in Arizona, hail supply chain fixes

President Joe Biden will visit the Arizona plant of TSMC on Tuesday as the Taiwanese chipmaker is set to more than triple its planned investment in the...

Republicans disavow Trump
Republicans disavow Trump's call to terminate the Constitution but stop short of saying it disqualifies him for 2024

GOP senators criticized Trump's statement claiming the Constitution can be terminated to reinstate him, but most did not say it disqualified him for 2024.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business