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Reading: President Biden signs $460 billion spending bill to avert a partial government shutdown
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24x7Report > Blog > Finance > President Biden signs $460 billion spending bill to avert a partial government shutdown
Finance

President Biden signs $460 billion spending bill to avert a partial government shutdown

Last updated: 2024/03/10 at 4:41 AM
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President Biden signs $460 billion spending bill to avert a partial government shutdown
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U.S. President Joe Biden delivers the State of the Union handle to a joint session of Congress within the Home Chamber of the U.S. Capitol in Washington, U.S., March 7, 2024. 

Elizabeth Frantz | Reuters

President Joe Biden on Saturday signed a $460 billion spending invoice into regulation, averting a partial authorities shutdown that might have taken impact this weekend.

This partial price range deal covers funding for six main areas of presidency, which embody navy and veterans affairs departments, agriculture, commerce, justice, transportation, housing and concrete growth and power.

On Friday night, the Senate had voted 75 to 22 to approve the package deal after the Home handed it earlier this week.

The settlement marks a step ahead within the push to safe a everlasting price range plan for the remainder of the fiscal 12 months, which began Oct. 1.The opposite six appropriations payments that hold the remainder of the federal government funded are resulting from expire March 22.

That is the fourth time this fiscal 12 months that Congress has needed to move a short-term spending invoice to maintain the federal government funded and avert a shutdown.

Democrats have been pushing for the continued full funding of a particular meals help program for ladies, infants and kids. In addition they secured wins on hire help and pay for infrastructure workers like air site visitors controllers and railway inspectors.

In the meantime, Republicans additionally thought of the primary half of funding package deal as a win as they declared victories on veterans’ gun possession and funding cuts to authorities businesses just like the Environmental Safety Company, the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives.

See also  Bill Ackman believes 10-year Treasury yield could approach 5% soon

— CNBC’s Rebecca Picciotto contributed reporting.

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TAGGED: avert, Biden, bill, Billion, government, Partial, President, shutdown, signs, Spending

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