Joe Biden signs stopgap spending bill to extend govt funding for 3 weeks

The Senate approved the measure Thursday by a bipartisan 65-27 vote, five more than the 60 votes needed, after the House easily approved the legislation last week

Joe Biden
US President Joe Biden
AP | PTI Washington
2 min read Last Updated : Feb 19 2022 | 10:13 AM IST

President Joe Biden on Friday signed a bipartisan bill to extend government funding for three weeks to give Congress more time to reach an overdue deal financing federal agencies through the rest of the fiscal year, the White House announced.

The Senate approved the measure Thursday by a bipartisan 65-27 vote, five more than the 60 votes needed, after the House easily approved the legislation last week. Each party had concluded that an election-year shutdown would be politically damaging, especially during a pandemic and a confrontation with Russia over its possible invasion of Ukraine.

Both parties hope the short-term measure will be the last one needed as negotiators craft compromise bills financing agencies through September 30. Since the government's budget year began last October 1, federal agencies have functioned at spending levels approved in the waning weeks of Donald Trump's presidency.

The new spending bills will be bipartisan compromises but will let Biden and Democrats controlling Congress put more of a stamp on spending priorities. They also are expected to provide defense increases the GOP wants.

In recent decades Congress has routinely finished its budget work months late. Averting shutdowns prompted by partisan point-scoring has become an accomplishment, not a given.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Joe BidenUnited StatesUS funding

First Published: Feb 19 2022 | 10:13 AM IST

Next Story