Tag #Government Shutdown

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Yellen Warns of Imminent US Debt Ceiling Crisis

Treasury Secretary Janet Yellen warned Congress on January 5th that the US government might need to start using "extraordinary measures" to avoid hitting the debt ceiling as early as January 14th, urging them to act to prevent a potential default; this comes after President Biden signed a bill last ...

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US Debt Ceiling Reinstatement Looms, Raising Specter of Default

The US debt ceiling will be reinstated on January 2, 2025, at roughly \$36.2 trillion, prompting the Treasury to use temporary measures to avoid default. House Republicans propose a \$1.5 trillion increase paired with spending cuts, potentially creating a future crisis. A default could delay Social ...

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Gonzales Compares Musk's Influence to a Prime Minister's in Government Funding Bill Negotiations

Rep. Tony Gonzales compared Elon Musk to a prime minister due to his significant influence on the government funding bill's revisions, praising Musk's vocal opposition that, along with President-elect Trump and Vice President-elect JD Vance's opposition, led to a smaller version of the bill passing.

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US Stocks Rise After Shutdown Averted, Inflation Eases Concerns

U.S. stock index futures rose on Monday following Congress's passage of a spending bill that averted a government shutdown and a positive inflation report that reduced concerns about interest rate hikes; the Dow E-minis rose 0.07%, the S&P 500 E-minis rose 0.26%, and the Nasdaq 100 E-minis rose 0.45...

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Biden Signs Bill Averted US Government Shutdown

President Biden signed a bipartisan bill averting a US government shutdown, days after President-elect Trump rejected an initial deal; the bill funds the government until mid-March, includes \$100 billion in disaster aid and \$10 billion for farmers, and prevented the potential furlough of 875,000 w...

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Congress Averts Shutdown With Last-Minute Spending Bill

Facing a looming government shutdown, Congress initially passed a massive 1,547-page spending bill, but it faced intense Republican criticism and failed. Subsequent negotiations, complicated by interventions from Elon Musk and President-elect Trump, led to a smaller bill that maintained current fund...

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US Government Faces Looming Debt Ceiling Crisis

Treasury Secretary Janet Yellen warned Congress on December 29, 2024 that the federal government may hit its debt limit as early as January 14, 2025, unless Congress acts or the Treasury implements "extraordinary measures", potentially leading to a government default and impacting global markets.

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US Averts Government Shutdown; Trump, Musk Opposition Fails

The US Congress narrowly avoided a government shutdown on December 21st, passing a bill to fund the federal government until mid-March, after a last-minute effort, overcoming the opposition of Donald Trump and Elon Musk, who had previously scuttled a bipartisan agreement.

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US Government Shutdown Averted, But Budget Battle Looms

Congress passed a short-term funding bill to avert a government shutdown hours before the deadline, delaying budget negotiations until after President-elect Trump's inauguration, highlighting the ongoing political challenges in Washington.

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Musk's Influence Averts US Government Shutdown

A last-minute spending bill, heavily influenced by Elon Musk's social media campaign, averted a US government shutdown, highlighting divisions within the Republican party and the rising power of tech billionaires in politics.

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Congress Averts Shutdown with Short-Term Spending Bill

President Biden signed a $100 billion disaster relief and $10 billion farm aid bill into law on Saturday, averting a government shutdown and extending funding until March; the bill passed Congress after a chaotic week of negotiations and revisions.

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House Passes Funding Bill, Averts Shutdown

The House narrowly avoided a government shutdown by passing a funding bill Friday, with 34 Republicans voting against it and zero Democrats, while one voted "present".

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Showing 157 to 168 of 270 results