Economic news

White House seeks short-term funding to avoid government shutdown -report

2023.08.31 09:36


© Reuters. A general view of the White House in Washington, U.S., August 27, 2023. REUTERS/Julia Nikhinson/File photo

WASHINGTON (Reuters) – The White House on Thursday asked Congress to pass a short-term government funding extension to avoid a shutdown as budget talks continue, the Washington Post reported, citing a spokeswoman for the Office of Management and Budget.

“Although the crucial work continues to reach a bipartisan, bicameral agreement on fiscal year 2024 appropriations bills, it is clear that a short-term continuing resolution (CR) will be needed next month,” an Office of Management and Budget spokeswoman told the news outlet.

Representatives for the agency could not be immediately reached for comment on the report.

Current funding for the federal government expires Sept. 30. If no action is taken before the next fiscal year begins Oct 1, large swaths of government functions would shut down.

Any spending measures would have to pass both the Democratic-led Senate and the Republican-controlled House of Representatives, and U.S. Senate Majority Leader Chuck Schumer earlier this month said he had met with House Speaker Kevin McCarthy and agreed on a short-term stopgap measure.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 79,563.32 7.16%
ethereum
Ethereum (ETH) $ 2,113.02 9.62%
tether
Tether (USDT) $ 0.999113 0.01%
xrp
XRP (XRP) $ 2.02 8.67%
bnb
BNB (BNB) $ 570.00 7.35%
solana
Solana (SOL) $ 127.02 8.78%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.186628 9.96%
cardano
Cardano (ADA) $ 0.59098 10.71%
staked-ether
Lido Staked Ether (STETH) $ 2,112.92 9.46%
tron
TRON (TRX) $ 0.218577 4.14%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 79,640.34 6.87%
litecoin
Litecoin (LTC) $ 118.58 5.02%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,526.69 9.31%
chainlink
Chainlink (LINK) $ 13.75 10.02%
leo-token
LEO Token (LEO) $ 9.21 1.44%
avalanche-2
Avalanche (AVAX) $ 20.43 9.00%
stellar
Stellar (XLM) $ 0.260806 10.10%
the-open-network
Toncoin (TON) $ 3.16 8.91%
sui
Sui (SUI) $ 2.54 13.18%
hedera-hashgraph
Hedera (HBAR) $ 0.184819 7.49%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 9.16%
usds
USDS (USDS) $ 1.00 0.04%
mantra-dao
MANTRA (OM) $ 7.21 1.72%
polkadot
Polkadot (DOT) $ 4.53 6.92%
hyperliquid
Hyperliquid (HYPE) $ 18.75 9.25%
weth
WETH (WETH) $ 2,116.99 9.34%
ethena-usde
Ethena USDe (USDE) $ 0.999049 0.02%
bitcoin-cash
Bitcoin Cash (BCH) $ 273.29 8.02%
bitget-token
Bitget Token (BGB) $ 3.85 4.73%
uniswap
Uniswap (UNI) $ 7.24 10.33%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,244.22 9.37%
monero
Monero (XMR) $ 211.45 1.72%
whitebit
WhiteBIT Coin (WBT) $ 25.78 2.35%
aptos
Aptos (APT) $ 5.70 6.79%
near
NEAR Protocol (NEAR) $ 2.81 8.08%
dai
Dai (DAI) $ 0.999885 0.03%
pepe
Pepe (PEPE) $ 0.000007 12.19%
susds
sUSDS (SUSDS) $ 1.04 0.12%
internet-computer
Internet Computer (ICP) $ 6.13 6.22%
ondo-finance
Ondo (ONDO) $ 0.892313 10.26%
aave
Aave (AAVE) $ 184.04 10.57%
ethereum-classic
Ethereum Classic (ETC) $ 17.86 5.61%
okb
OKB (OKB) $ 43.07 4.74%
bittensor
Bittensor (TAO) $ 300.47 17.61%
gatechain-token
Gate (GT) $ 19.68 8.11%
mantle
Mantle (MNT) $ 0.707843 6.89%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.69 1.94%
official-trump
Official Trump (TRUMP) $ 11.28 16.09%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 79,624.33 6.98%