Congress approved the funding just hours before the government’s closing date.

Joseph Zebalous-Rogue.

Senate Minority Leader Mitch McConnell and Senate Majority Leader Chuck Schmidt. J. Scott Apple White / AP Images.

  • Congress approved a move that barely averted a government shutdown on Thursday.

  • The law will keep the government’s doors open until December 3.

  • But it does nothing to stem the tide of debt that is pushing the United States to the brink of default.

  • See more stories on the Insider Business page.

Congress approved a move to provide financial support to the government just hours before the shutdown deadline, but it does nothing to break the stalemate initiated by Republicans that would bring the United States closer to default. Has been

The short-term “ongoing resolution” passed the Senate by 65-35 votes, and the House later passed it by 254-175 votes. Only 34 House Republicans joined each House Democrat to send the bill to President Joe Biden’s table.

The law will keep the government’s doors open until December 3. The bill includes 28 28 billion (AU39 billion) in disaster relief funding for communities devastated by U.S. hurricanes, as well as aid to resettle Afghan refugees in the United States.

“That’s a good thing,” Senate Majority Leader Chuck Schumer said in a floor-to-ceiling speech before the vote. He was confident that the House would approve the bill at the end of the day and send it to President Joe Biden’s table for signature before midnight.

“The last thing Americans need is for the government to stop,” he said.

Still, the bill eliminates the debt ceiling, which Republicans scrapped on Monday, as they stepped up their campaign to reduce Biden’s multi-billion-dollar economic agenda.

Senate Minority Leader Mitch McConnell on Thursday reiterated that Democrats must unilaterally approve an increase in the nation’s debt ceiling through reconciliation. It requires only a simple majority vote, but there are procedural hurdles in the difficult process that Democrats will not be able to remove until December 3.

Now, the United States is only 18 days away from default. Could potentially affect every part of the economy, From late Social Security checks, cuts to payments for U.S. troops and federal workers, and forced reductions in unemployment insurance and Medicaid.

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