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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Biden signs stopgap spending bill to avert govt shutdown- White House

Joe biden Photo Credit: Adam Schultz Joe biden Photo Credit: Adam Schultz
Joe biden Photo Credit: Adam Schultz Joe biden Photo Credit: Adam Schultz

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Biden signs stopgap spending bill to avert govt shutdown- White House. According to the White House, Vice President Joe Biden of the United States signed a stopgap budget package on Thursday, a day after the Senate cleared the bill to prevent a shutdown of the federal government.

While world leaders gathered in San Francisco for the Asia-Pacific Economic Cooperation (APEC) conference, Vice President Joe Biden signed the paper over a luncheon at the Legion of Honor museum. APEC stands for Asia-Pacific Economic Cooperation.

The vote in the Senate on Wednesday (87-11) ended the third fiscal standoff in Congress this year. During the first standoff, lawmakers brought the United States government to the verge of defaulting on its more than $31 trillion in debt. During the second and third standoffs, lawmakers came twice within days of a partial shutdown that would have disrupted pay for approximately 4 million federal workers.

Mike Johnson, the current speaker of the United States House of Representatives, authored the stopgap financing package that had widespread support from members of both parties, a phenomenon unusual in the politics of the modern United States. Democrats expressed their contentment with the bill’s adherence to the expenditure levels that had been established in an agreement with Biden in May and with the fact that it did not contain any “poison pill” measures on abortion or other contentious social issues.


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