US Government Averts Shutdown as Funding Bill Passes Congress | US News

December 21, 2024 TruthUSA

The U.S. government has narrowly averted a significant shutdown after lawmakers reached a last-minute spending agreement.

Had they failed to come to terms, federal employees would have faced missed paychecks just ahead of the holiday season, affecting multiple public services.

This week’s budget approval efforts were thrown into chaos after billionaire Elon Musk criticized a proposal introduced by both Republicans and Democrats.

His stance received support from president-elect Donald Trump, who was advocating for an increase in the debt ceiling, which limits the government’s borrowing capacity.

However, Trump’s revised proposal to suspend the cap for a two-year period was defeated in a Thursday vote, forcing Congress to rush to finalize a deal before midnight local time.

This breaking news story is being updated, and more information will be provided shortly.

Please refresh the page for the complete version.

You can receive breaking news alerts on your smartphone or tablet by downloading the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel for the latest updates.

Source link