Preliminary agreement reached to avert government shutdown: AP

There is a tentative agreement among Congressional leaders to avert a government shutdown, as reported by two anonymous sources familiar with the situation. The agreement extends funding for some federal agencies through March 8 and others through March 22, contingent on a broader funding plan for the rest of the budget year.

While negotiations are ongoing, there is no immediate plan to approve $95 billion in emergency national security funds for Ukraine, Israel, and other allies. Both the House and Senate must vote on and approve the agreement before Friday’s deadline when some funding expires.

Leaders from both parties are expected to make an announcement later Wednesday as they work to finalize a federal spending plan and avoid a shutdown of several federal departments by the Friday deadline. President Joe Biden has been involved in pushing for a deal.

The delay in passing a 2024 budget has impacted the military’s ability to respond to crises without additional funding. Republican and Democratic leaders are optimistic about reaching a deal to fund various government agencies through a series of temporary extensions.

There is growing concern among Western allies about the delay in approving emergency funding for Ukraine and other overseas national security needs. Senate previously approved a $95 billion supplemental request, including significant aid for Ukraine.

Biden has been urging Congressional leaders to act swiftly to avoid a government shutdown, emphasizing the economic consequences of such an event. The importance of reaching a bipartisan solution has been highlighted in discussions among political leaders.