FACING A GOVERNMENT shutdown deadline, the Senate rushed through final passage early Saturday of a bipartisan plan that would temporarily fund federal operations and disaster aid, dropping President-elect Donald Trump's demands for a debt limit increase into the new year.
House Speaker Mike Johnson had insisted Congress would "meet our obligations" and not allow federal operations to shut ter ahead of the Christmas holiday season. But the day's outcome was uncertain after Trump doubled down on his insistence that a debt ceiling increase be included in any deal — if not, he said in an early morning post, let the closures "start now."
This story is from the December 22, 2024 edition of Financial Express Kolkata.
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This story is from the December 22, 2024 edition of Financial Express Kolkata.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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