President Joe Biden has signed a bill into law that averts a government shutdown.
The deal funds the government at current levels through March 14 and provides $100 billion in disaster aid and $10 billion in agricultural assistance to farmers.President Joe Biden signed a bill into law Saturday that averts a government shutdown, bringing a final close to days of upheaval after Congress approved a temporary funding plan just past the deadline and refused President-elect Donald Trump’s core debt demands in the package.
House Speaker Mike Johnson, R-La., had insisted lawmakers would “meet our obligations” and not allow federal operations to close. But the outcome at the end of a tumultuous week was uncertain after Trump had insisted the deal include an increase in the government's borrowing limit. If not, he had said, then let the closures “start now.”
The House is scheduled to elect the next speaker on Jan. 3, 2025, when the new Congress convenes. Republicans will have an exceedingly narrow majority, 220-215, leaving Johnson little margin for error as he tries to win the speaker's gavel. The federal debt stands at roughly $36 trillion, and the spike in inflation after the coronavirus pandemic has pushed up the government’s borrowing costs such that debt service next year will exceed spending on national security. The last time lawmakers raised the debt limit was June 2023. Rather than raise the limit by a dollar amount, lawmakers suspended the debt limit through Jan. 1, 2025.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Joe Biden Pardons Son Hunter BidenNick Visser is a senior reporter at HuffPost. Originally based in New York, he now lives in Sydney. Send tips to nick.visserhuffpost.com
Read more »
Joe Biden embarks on first and final Africa trip as US president with Angola visitAfrican allies concerned incoming Trump administration will take stronger line on trade and security ‘reciprocity’
Read more »
'Enough is enough': President Joe Biden issues pardon for his son HunterHunter was convicted of three firearm charges in June and pleaded guilty to federal tax charges in September. The US president said 'it is clear that Hunter was treated differently' by the Justice Department'.
Read more »
President Joe Biden Pardons His Son Hunter After Previously Saying He Wouldn’tThe outgoing President alleged that the prosecution of his son was politically motivated and a “miscarriage of justice.”
Read more »
President Biden Pardons Son Hunter Biden, Citing Political Influence on Legal ProcessOutgoing U.S. President Joe Biden has pardoned his son Hunter Biden, reversing his earlier position of non-interference in the justice system. Biden argues that raw politics has led to a miscarriage of justice in the case against his son.
Read more »
President Biden Grants Pardon to Son Hunter Biden for Federal ChargesPresident Joe Biden has pardoned his son Hunter Biden for federal charges of gun violation and tax evasion, citing selective prosecution as the reason. The pardon comes after a plea deal was unraveled due to political pressure.
Read more »