Posted: 29.02.2024 10:21:13

US Congress reached agreement on budget

Party leaders in the US Congress have come to an agreement on the budget to prevent a government shutdown. In the near future, congressmen will vote for a short-term extension of funding, and then for a full-fledged one, RIA Novosti reports.


Information on the adoption of the budget is reported in a statement issued by the Speaker of the US House of Representatives, “We are in agreement that Congress must work in a bipartisan manner to fund the government.” 

The parliamentarians also agreed on the adoption of six bills by March 8th that provide for financing various areas of government work: science, trade, energy, transport, military construction and others. 

Six other bills, including the draft on appropriations for activities in the fields of defence, finance, internal security and foreign operations, are planned to be finalised and adopted by March 22nd. 

It is also known that in order to give lawmakers time to analyse the proposed bills and discuss them thoroughly, in the near future, the US Congress will vote on extending the financing of federal agencies for periods up to March 8th and 22nd. 

In January, US President Joe Biden signed a law on a temporary extension of government funding until March. The resolution specifies the allocation of funds for some federal agencies until March 1st, and for others until March 8th. 

Earlier, Speaker of the House of Representatives Mike Johnson and Senate Democratic Majority Leader Chuck Schumer came to an agreement on financing the work of the government in the amount of $1.66 trillion for the entire 2024 fiscal year, which began in the United States in October 2023. 

In the Capitol, congressmen did not have enough time to adopt a comprehensive budget before the shutdown, forcing lawmakers to pass a stopgap resolution – the third since the beginning of the current fiscal year.