The US Senate passed on Saturday the temporary financing of government agencies and sent it to President Joe Biden for signature. This averts the threat of paralysis in the USA – the so-called the shutdown could have occurred on the night from Saturday to Sunday.
The US Senate on Saturday passed a bill on temporary 45-day funding for government agencies and sent it to President Joe Biden for his signature. Thus, the threat of suspending the activities of the federal government has been dismissed.
There will be no shutdown in the US
The suspension (so-called shutdown) could have occurred on the night from Saturday to Sunday. Already on Thursday, federal authorities warned administration employees about the possible closure of offices due to the failure to adopt the budget for the new fiscal year. It was related to the impasse that occurred in Congress. Politicians from the right wing of the Republican Party opposed the adoption of the provisional bill without deep cuts, funds for strengthening the border and, above all, without removing funds for aid to Ukraine from the project. Ultimately, the House of Representatives passed the bill.
The White House said President Joe Biden welcomed the agreement reached in the Senate on Saturday to continue temporary funding for the federal administration and called on Congress to quickly approve aid to Ukraine that is excluded from the agreement.
State institutions were closed many times in the USA, but most often the paralysis lasted several days. The longest one took place five years ago, during the Donald Trump administration – it lasted 34 days.
Experts emphasize that a shutdown lasting several days, although it undermines trust in public institutions, does not have a major impact on the economy. Goldman Sachs estimates that the closure would reduce US GDP by approximately 0.2 percentage points. in the week.