The Japan Times - US lawmakers race to avert weekend government shutdown

EUR -
AED 4.073852
AFN 72.104007
ALL 90.769855
AMD 405.067301
ANG 1.985385
AOA 1018.325221
ARS 1713.277178
AUD 1.624983
AWG 1.996716
AZN 1.885131
BAM 1.954983
BBD 2.25865
BDT 139.801599
BGN 1.938846
BHD 0.423063
BIF 3354.716125
BMD 1.109287
BND 1.433637
BOB 13.299943
BRL 6.191928
BSD 1.121428
BTN 105.390474
BWP 15.384891
BYN 3.3577
BYR 21742.017374
BZD 2.255361
CAD 1.581083
CDF 2567.998611
CHF 0.922999
CLF 0.027723
CLP 1091.1057
CNY 7.39933
CNH 7.39771
COP 3646.269428
CRC 507.236117
CUC 1.109287
CUP 26.911758
CVE 110.228889
CZK 24.357549
DJF 199.693681
DKK 7.4752
DOP 68.018024
DZD 151.739405
EGP 59.424261
ERN 16.639299
ETB 182.523628
FJD 2.518301
FKP 0.835327
GBP 0.835642
GEL 2.886075
GGP 0.835327
GHS 13.131994
GIP 0.835327
GMD 82.08723
GNF 9934.79017
GTQ 8.569193
GYD 234.988314
HKD 8.701821
HNL 30.144261
HRK 7.508772
HTG 146.992508
HUF 364.340191
IDR 20227.120128
ILS 3.526477
IMP 0.835327
INR 104.200005
IQD 1699.889879
IRR 2114383.456915
ISK 136.608516
JEP 0.835327
JMD 177.981694
JOD 0.786514
JPY 177.117562
KES 144.16277
KGS 97.006667
KHR 4573.522341
KMF 490.30501
KPW 998.357898
KRW 1478.978323
KWD 0.345265
KYD 0.93441
KZT 500.620868
LAK 25242.072094
LBP 100422.601827
LKR 372.689588
LRD 190.637548
LSL 18.384926
LTL 3.275435
LVL 0.670996
LYD 7.188613
MAD 10.939363
MDL 20.151671
MGA 5074.314796
MKD 61.574231
MMK 2329.19615
MNT 3998.871435
MOP 9.060115
MRU 45.238384
MUR 52.535693
MVR 17.084989
MWK 1944.554204
MXN 20.621178
MYR 4.527002
MZN 70.874032
NAD 18.383021
NGN 1494.076194
NIO 41.266667
NOK 10.603432
NPR 168.625519
NZD 1.99529
OMR 0.426526
PAB 1.121458
PEN 3.821504
PGK 5.036373
PHP 70.670981
PKR 307.909142
PLN 4.402198
PYG 6922.700938
QAR 4.087861
RON 5.344991
RSD 117.602152
RUB 91.817888
RWF 1659.156465
SAR 4.184466
SBD 8.974958
SCR 15.34923
SDG 667.239268
SEK 11.05068
SGD 1.425173
SHP 0.831206
SLE 25.401019
SLL 23261.190252
SOS 640.890046
SRD 41.760191
STD 22959.992994
STN 24.492087
SVC 9.811901
SYP 14422.944033
SZL 18.389893
THB 37.486077
TJS 10.305824
TMT 3.882503
TND 3.342205
TOP 2.670896
TRY 55.750132
TTD 7.604823
TWD 36.553234
TZS 2946.507021
UAH 51.005261
UGX 4575.604165
USD 1.109287
UYU 45.375135
UZS 13427.39077
VES 998.902048
VND 28489.253123
VUV 133.052118
WST 3.092468
XAF 655.957
XAG 0.021796
XAU 0.000282361449
XCD 2.997903
XCG 2.020856
XDR 0.784323
XOF 655.957
XPF 119.331742
YER 262.367796
ZAR 18.464053
ZMK 9984.914678
ZMW 22.848515
ZWL 357.189833
SSP 6418.912999
MXV 2.316387
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

US lawmakers race to avert weekend government shutdown
US lawmakers race to avert weekend government shutdown / Photo: WIN MCNAMEE - GETTY IMAGES NORTH AMERICA/AFP/File

US lawmakers race to avert weekend government shutdown

US lawmakers released a $1.2 trillion package in the early hours of Thursday to complete the 2024 federal budget -- teeing off a race to sign it into law before a government shutdown looming at the weekend.

Text size:

The six-bill, 1,012-page package represents the largest and most contentious section of federal funding, with cash running out at midnight on Friday night for three-quarters of the government, including defense and homeland security.

The Republican-led House of Representatives normally demands 72 hours to study legislation but lawmakers are expected to drop the requirement to vote Friday to send the deal to President Joe Biden's desk.

Both chambers are expected to pass the package with broad cross-party support, but a technical -- and brief -- partial government shutdown is still possible as the Senate can take several days to amend and then rubber-stamp legislation.

Congress is scheduled to go on recess for two weeks after this weekend.

The funding fight came with both sides pushing their campaign messaging and priorities ahead of November's presidential election, when Biden faces Republican challenger and former president Donald Trump.

The first quarter of the budget -- six bills covering agriculture, science, veterans' programs, transport and housing -- passed without major drama last month.

Five of the six bills covering the rest of federal spending were straightforward, but disputes over the funding of homeland security delayed the release of the deal, originally expected at last weekend.

Trump -- who wants to run on Biden's perceived weakness on immigration -- pressured lawmakers earlier this year to kill a bipartisan border security bill, leaving homeland security funding as the alternative vehicle for policy changes.

The Republicans didn't get any major policy victories, as the budget amounts essentially to a spending freeze.

But they were able to negotiate more border patrol agents, expanded migrant detention facilities, a $20 billion cut for tax enforcement, a six percent reduction to the foreign aid budget and a new law banning diplomatic buildings from flying LGBTQ pride flags.

- 'Policy wins' -

"House Republicans have achieved significant conservative policy wins, rejected extreme Democrat proposals, and imposed substantial cuts to wasteful agencies and programs while strengthening border security and national defense," Speaker Mike Johnson said.

Democrats held out for more funding for pay equity for airport security staff and negotiated 12,000 visas for Afghans who helped the United States during the war.

They also won a $1 billion funding boost for child care, as well as climate change programs at the Pentagon.

Patty Murray, the Senate Democrats' point person on the budget, said her negotiators had defeated "outlandish cuts that would have been a gut punch for American families and our economy."

The hard-line conservative House Freedom Caucus urged lawmakers to reject the deal before the text was released, arguing that it effectively locks in Biden administration "open border" policies for another six months.

But a robust cross-party coalition is expected to secure the two-thirds majority the bill will need to advance to the Senate.

The upper chamber can move quickly if there is agreement from all 100 senators to skip cumbersome procedural steps -- but any individual member can hold up the process for a few days.

Although this would lead to a funding gap stretching into early next week, in reality the average American would see little effect from such a brief shutdown.

The budget for 2024 should have been completed nearly six months ago and there has not been a government shutdown this late in the fiscal year since it was redesigned in 1976 to start on October 1.

H.Nakamura--JT