President Joe Biden offers a host at the heads of delegation dinner at the Asia-Pacific Economic Cooperation summit, Thursday, Nov. 16, 2023, at the Legion of Honor Museum in San Francisco. (AP Photo/Godofredo A. Vásquez)
By Colleen Long
President Joe Biden on Thursday signed a temporary spending bill a day before a potential government shutdown, pushing a fight with congressional Republicans over the federal budget into the new year, as wartime aid for Ukraine and Israel remains stalled.
The measure passed the House and Senate by wide bipartisan margins this week, ensuring the government remains open until after the holiday season, and potentially giving lawmakers more time to sort out their considerable differences over government spending levels for the current fiscal year. Biden signed the bill in San Francisco, where he is hosting the summit of Asia-Pacific Economic Cooperation economies.
News of the signing came late at night. The president signed the bill at the Legion of Honor Museum, where he held a dinner for APEC members.
The spending package keeps government funding at current levels for roughly two more months while a long-term package is negotiated. It splits the deadlines for passing full-year appropriations bills into two dates: Jan. 19 for some federal agencies and Feb. 2 for others, creating two dates when there will be a risk of a partial government shutdown.
The two-step approach was championed by new House Speaker Mike Johnson, a Republican, and was not favored by many in the Senate, though all but one Democrat and 10 Republicans supported it because it ensured the government would not shut down for now.
Johnson has vowed that he will not support any further stopgap funding measures, known as continuing resolutions. He portrayed the temporary funding bill as setting the ground for a spending “fight” with the Senate next year.
The spending bill does not include the White House’s nearly $106 billion request for wartime aid for Israel and Ukraine. Nor does it provide humanitarian funding for Palestinians and other supplemental requests, including money for border security. Lawmakers are likely to turn their attention more fully to that request after the Thanksgiving holiday in hopes of negotiating a deal.
AP writers Stephen Groves and Zeke Miller contributed from Washington.
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A legislative package to end the government shutdown appears on track. A handful of Senate Democrats joined with Republicans to advance the bill after what's become a deepening disruption of federal programs and services. But hurdles remain. Senators are hopeful they can pass the package as soon as Monday and send it to the House. What’s in and out of the bipartisan deal has drawn criticism and leaves few senators fully satisfied. The legislation includes funding for SNAP food aid and other programs while ensuring backpay for furloughed federal workers. But it fails to fund expiring health care subsidies Democrats have been fighting for, pushing that debate off for a vote next month.
Sabrina Siddiqui, National Politics Reporter at The Wall Street Journal, joins to break down the SNAP funding delays and the human cost of the ongoing shutdown.
Arguments at the Supreme Court have concluded for the day as the justices consider President Donald Trump's sweeping unilateral tariffs in a trillion-dollar test of executive power.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
