Senate Close to Passing Stopgap Funding Deal
The U.S. Senate is on track to approve a bipartisan funding agreement that would prevent a government shutdown just days before the deadline. The temporary spending bill, backed by both Democrats and Republicans, aims to keep federal agencies running while long-term budget negotiations continue.
Bipartisan Agreement Reached After Weeks of Negotiations
Following weeks of gridlock, Senate leaders announced a breakthrough late Tuesday. The deal extends funding for federal agencies under a continuing resolution (CR), avoiding disruptions to essential services.
Key Quotes:
– Senate Majority Leader Chuck Schumer (D-NY): “This compromise keeps the government open and addresses urgent priorities for both parties.”
– Senate Minority Leader Mitch McConnell (R-KY): “A shutdown benefits no one. This is a responsible solution.”
What Does the Funding Deal Include?
The proposed CR maintains current spending levels temporarily, with key provisions:
– Essential Services: Funds agencies like Defense, Homeland Security, and Health & Human Services.
– Disaster Relief: Allocates emergency aid for wildfires, hurricanes, and other disasters.
– Border Security: Includes a partial agreement, though details are still being finalized.
Why Avoiding a Shutdown Matters
A government shutdown would:
– Delay paychecks for 800,000+ federal workers.
– Disrupt services like TSA screenings, food inspections, and veterans’ benefits.
– Cost the economy billions, as seen during the 2018-19 shutdown ($11B loss).
Mark Zandi, Moody’s Analytics: “Even a brief shutdown shakes consumer and market confidence.”
House Opposition Could Delay Passage
While the Senate is expected to pass the bill quickly, the House faces resistance from conservative Republicans demanding:
– Stricter border policies
– Deeper spending cuts
Rep. Chip Roy (R-TX): “This deal fails to curb wasteful spending.”
Moderates may use a discharge petition to bypass opposition if needed.
Deadline Looms: What’s Next?
Funding expires March 23 at 12:01 AM ET, giving Congress just days to act. President Biden urged swift passage: “Americans deserve stability, not chaos.”
Long-Term Budget Fight Remains
While this deal avoids an immediate crisis, Congress must still pass a full-year budget—setting up another partisan clash.
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