December 3, 2022

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House passes short-term funding bill, averting government shutdown; Biden signs into law

US Capitol

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The Home of Representative passed a stopgap funding bill Friday afternoon that will retain the federal government funded by means of Dec. 16, averting a governing administration shutdown on Saturday, when the government’s FY2023 begins.

The monthly bill passed 230-201, mostly together get together lines, with the Republicans opposing it. The legislation, in the type of a continuing resolution, was passed by the Senate on Thursday and will head to President Biden’s desk for his signature.

The bill also delivers $12.3B in armed service and economic assist to Ukraine, the AP noted. It will go toward coaching, equipment, and logistics support for the Ukraine military, to enable Ukraine’s authorities offer simple services, and to replenish U.S. weapons programs and munitions.

The measure includes $2.5B to assist New Mexico communities recover from the premier wildfire in the state’s background and an further $1B for a plan to help low-profits households heat their properties. Some $2B goes to a block grant software to aid communities influenced by the latest disasters, and $20M is for drinking water and wastewater infrastructure advancements previously authorized for Jackson, Mississippi. The legislation also transfers $3B from a Pentagon software to the Point out Office for Afghan resettlement functions.

The U.S. Dollar Index is small changed at 112.27 following slipping to as lower as 111.58 overnight.

Current 6 p.m.: President Biden has signed the measure into regulation, averting a shutdown at minimum until eventually the December deadline.

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