Article Summary
Congressional leaders have reportedly reached a deal on a short-term funding bill that would avert a partial government shutdown. The continuing resolution would fund the government through 1 and 8 March, while the current funding deal funds some federal departments through 19 January and others through 2 February. The text of the bill is expected to be released on 9 January. This would be the third short-term spending deal Congress has reached since September. Democrats and Republicans have been far apart in budget negotiations, with Republicans seeking significant spending cuts.
Congressional Leaders Reach Deal to Avert Government Shutdown
An agreement on a short-term funding bill has been reached by Congressional leaders, which would prevent a partial government shutdown, confirmed sources to CBS News.
The continuing resolution is set to fund the government through March 1 and March 8. The current funding deal, which came into effect in November, backs some federal departments until Jan. 19, and others until Feb. 2.
House Speaker Mike Johnson is slated to inform House Republicans about the measure in a call on Sunday evening.
The bill text is anticipated to be released on Sunday night, according to a representative for Senate Majority Leader Chuck Schumer. This marks the third short-term spending deal Congress has reached since September.
Budget negotiations have seen Democrats and Republicans far apart, with Republicans pressing for significant spending cuts. Schumer stated that he was proceeding with his own measure on a short-term spending deal.
Schumer and Johnson agreed last weekend to set overall government spending at $1.66 trillion for the fiscal year 2024. The spending includes $886 billion for defense and $772 billion in non-defense spending.
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