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The Senate overwhelmingly voted in favor of a $1.2 trillion spending plan to fund the government early Saturday, averting a government shutdown and sending the bill to President Joe Biden for his signature. I asked for it.
The New York Times reported that the vote ended 74-24 around 2 a.m., more than 12 hours after the House voted 286-134 to cut government discretionary spending. A 1,012-page spending bill covering an estimated 70% of the bill was brought forward. . It required a two-thirds majority to pass, but it narrowly passed that threshold amid strong Republican opposition.
The bill aims to fully fund the government through the end of September, marking the final stage in a protracted battle over government funding that has dragged on for nearly six months into the fiscal year.
But the bill failed to pass in the House until more than 112 Republicans, the majority of the Republican caucus, voted against House Speaker Mike Johnson’s move to work with Democrats.
In the midst of the discussion, According to Punchbowl News, Congresswoman Marjorie Taylor Greene has even introduced a motion to have Johnson resign and remove him from office. In subsequent comments to reporters, she described the move as a “warning” to Mr Johnson.
The White House announced shortly after midnight that preparations for the shutdown had been completed in anticipation of the president signing the bill later Saturday. Biden has already pledged to sign the bill as soon as possible, and a formal policy statement released Thursday called for swift passage.
“I think some of the people here in the Capitol are beyond fatigue,” Senate Majority Leader Chuck Schumer said on the Senate floor Thursday.
read more: How the government shutdown will affect your money: Student loans, Social Security, investing, and more
Parliament is currently scheduled to go into recess for two weeks.
Commitment to borders
The tight deadline is the result of last-minute delays over funding for the Department of Homeland Security, which oversees the border.
rear Calls from some Republicans Because the budget process will be used to “dismantle” Biden’s border policies, some changes will be implemented at the border, although the final product will be significantly less dramatic. Provisions include new resources for the U.S. Border Patrol and additional detention beds operated by Immigration and Customs Enforcement.
Other highlights of the huge bill include cutting off U.S. government aid to UNRWA, the United Nations’ main agency providing aid to the Palestinians, although many of its employees were killed on October 7 in southern Israel. There are accusations that he took part in the attack.
The bill also includes increased federal funding for child care and research into cancer and Alzheimer’s disease, among other Democratic priorities.
read more: What will happen to my Social Security payments during a government shutdown?
Provisions for other sectors of government, including agriculture, commerce and transport, have already been agreed and enacted in a separate agreement passed earlier this month.
opposition from the right
In the House, the high two-thirds threshold required to pass the bill under a procedure known as a suspension of rules caused leadership to scramble ahead of the vote, especially on the Republican side. The final close tally came after the influential House Freedom Caucus objected. call invoice “A huge spending bill was drafted in secret and dropped on us in the middle of the night.”
There are many conservatives in the Senate. Rand Paul of Kentucky Tommy Tuberville of Alabama Ron Johnson of Wisconsin also immediately expressed their opposition.
S&P decided to downgrade the US credit rating in 2011. Last August, Fitch followed up with its own downgrade, citing government dysfunction as the main reason.
Moody’s took its own action in November, taking a negative stance toward the United States. He stopped short of being downgraded, but kept his future options open.
This post has been updated with additional developments.
Ben Werschkul is Yahoo Finance’s Washington correspondent.
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