Congress Passes Stopgap Spending Bill, Averting Government Shutdown
Congress averted a government shutdown by passing a stopgap spending bill, funding the government through December 16th. The bill passed the Senate 72-23 and was expected to easily pass the House. The legislation provides about $1.15 trillion in funding and avoids upending the lives of thousands of federal workers and contractors. Some Republicans opposed the bill because it did not include provisions to block funding for President Biden's student loan forgiveness plan. Congress will now have more time to negotiate full-year funding packages for the remaining months of fiscal 2023.
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00:00 It's Benzinga and here's what's on the block.
00:02 Congress averted a government shutdown by passing a stop-gap spending bill, funding
00:06 the government through December 16.
00:09 The bill passed the Senate 72-23 and was expected to easily pass the House.
00:14 The legislation provides about $1.15 trillion in funding and avoids upending the lives of
00:20 thousands of federal workers and contractors.
00:23 Some Republicans opposed the bill because it did not include provisions to block funding
00:27 for President Biden's student loan forgiveness plan.
00:30 Congress will now have more time to negotiate full-year funding packages for the remaining
00:34 months of fiscal 2023.
00:36 For all things money, visit Benzinga.com.
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