October 01, 2020 at 09:45AM
U.S. President Donald Trump signed a stopgap funding bill on Thursday that would keep the federal government open through December 11, the White House said in a statement. Trump signed the measure into law shortly after government funding ran out at midnight.
The law would maintain current funding levels for most programs, avoiding a government shutdown in the middle of a pandemic just weeks ahead of the Nov. 3 presidential election. It would also give lawmakers more time to work out budget details for the fiscal year that ends on Sept. 30 2021, including for military operations, healthcare, national parks, space programs, and airport and border security.
On Tuesday, the Senate voted 82-6 on a procedural motion to advance the temporary funding bill. The Democratic-led House of Representatives approved the measure a week ago after Democrats struck a deal with the White House and Republicans on farmers’ aid and nutritional assistance for children.
Trump signs stopgap bill to avoid U.S. government shutdown, Reuters, Oct 1
From: The FxPro News Team https://fxpro.news/daily-forex-outlook/trump-signs-stopgap-bill-to-avoid-u-s-government-shutdown-20201001/
Selected by fonecable.com
- NEWS: Australian ‘fiscal cliff’ job losses expected to be not severe, more like a ‘fiscal slope’ March 02, 2021 at 04:32AM
- Australian Dollar Forecast: AUD/USD Uptrend in Focus as RBA Holds Policy Steady
- NEWS: ForexLive Asia FX news wrap: Early USD strength all over March 02, 2021 at 03:59AM
- NEWS: AUD gaining a few points, bond yield up also after the RBA decision March 02, 2021 at 03:37AM
- NEWS: RBA February 2021 meeting – announce no change to monetary policy, as expected March 02, 2021 at 03:30AM