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Reading: Home Passes Invoice To Avert Authorities Shutdown, Now Its Heading To The Senate
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StockWaves > Trading > Home Passes Invoice To Avert Authorities Shutdown, Now Its Heading To The Senate
Trading

Home Passes Invoice To Avert Authorities Shutdown, Now Its Heading To The Senate

StockWaves By StockWaves Last updated: March 12, 2025 2 Min Read
Home Passes Invoice To Avert Authorities Shutdown, Now Its Heading To The Senate
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The Home handed a authorities funding invoice on Tuesday to forestall a shutdown by means of Sept. 30.

The measure now strikes to the Senate, the place Democrats both assist it and provides Trump latitude to chop federal packages or oppose it and threat blame for a shutdown, reported the New York Occasions.

The invoice maintains final yr’s spending ranges however will increase navy funding by $6 billion whereas barely lowering total expenditures. It eliminates funding for tasks in lawmakers’ districts and cuts over $1 billion from Washington, D.C.’s price range.

The vote was 217 to 213, with just one Republican, Thomas Massie of Kentucky, opposing it and one Democrat, Jared Golden of Maine, supporting it. The party-line vote showcased how Republican fiscal hawks have deferred to President Donald Trump on spending considerations, mentioned the New York Occasions.

Home Speaker Mike Johnson initially opposed a long-term funding extension, preferring a March deadline to permit Trump to form federal spending. However, with no Republican spending payments handed, a brief measure grew to become essential to keep away from a shutdown.

Within the Senate, Republicans want Democratic assist to beat a filibuster and move the measure earlier than the March 14 midnight deadline.

Learn Subsequent:
• Markets Bounce As Ukraine Expresses Readiness For 30-Day Ceasefire Proposal With Russia

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