This agreement is a compromise, meaning that neither side got everything it wanted, the US President said.
US President Joe Biden signed a document approved the previous day by the House of Representatives and the Senate, allowing him to avoid a shutdown of the country’s government and continue funding federal institutions. The White House announced this on Saturday, December 21.
“The Act makes Fiscal Year 2025 appropriations to Federal agencies through March 14, 2025, to further implement Federal Government projects and policies,” the statement said.
Additionally, the law provides resources for disaster relief and economic relief for farmers, extends the Agricultural Improvement Act of 2018, and extends certain expiring authorities.
“This deal is a compromise, meaning neither side got everything they wanted. But it denies the quick tax cuts for billionaires that Republicans want and ensures the government can keep running. at full capacity,” Biden said.
We remind you that on Saturday night, in the last hours before a potential shutdown in the United States, the House of Representatives and the Senate approved a bill that continued funding in the absence of an adopted budget.
As you know, the fiscal year in the United States lasts from October 1 to September 30. In situations where the budget for the current fiscal year is not passed by Congress and signed by the President, funding for federal that agency is usually provided through resolutions to temporarily extend appropriations over the previous fiscal year’s level.
Source: korrespondent
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