Deal reached on US spending, shutdown likely averted

Image
AFP Washington
Last Updated : May 01 2017 | 8:48 AM IST
US congressional leaders have reached a deal on a federal spending bill which if passed by lawmakers this week will avert a government shutdown, a top lawmaker and congressional aides said.
The agreement would keep federal operations running through September 30, the end of the fiscal year.
Congress is expected to vote in the coming days on the package, which aides said includes some USD 1.5 billion in funding for increased border security measures, but no funding for an actual wall.
They also said it adds USD 2 billion in new funding for the National Institutes of Health, and is expected to increase military spending.
Comprehensive details were not available Sunday as the measure had yet to be officially finalised and released. Lawmakers have until Friday to get new spending legislation to President Donald Trump's desk.
"This agreement is a good agreement for the American people, and takes the threat of a government shutdown off the table," Senate Minority Leader Chuck Schumer said in a statement.
"The bill ensures taxpayer dollars aren't used to fund an ineffective border wall, excludes poison pill riders, and increases investments in programs that the middle-class relies on, like medical research, education, and infrastructure."
Trump made building the wall one of the primary pledges of his presidential campaign, insisting it would begin within his first 100 days, a milestone that came and went yesterday.
Last week White House aides acknowledged the administration could wait until later this year or next year to consider funding for the wall.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

First Published: May 01 2017 | 8:48 AM IST

Next Story