This Sunday, the U.S. government introduced a new funding bill to secure operations for the rest of the fiscal year, following the temporary avoidance of a shutdown last Thursday. This bill, the fourth since October 1st, aims to replace temporary measures with a long-term solution. It includes a 1,050-page proposal covering six out of twelve government sectors, with plans to address the remaining sectors later. Key departments like Agriculture, Commerce, Energy, and Veterans Affairs will receive funding through September. The bill reflects bipartisan efforts but is marked by budget cuts in areas aligned with President Biden's agenda according to Republicans. Despite recent financial outlook downgrades, the introduction of this bill has led to a restored "stable" outlook from Fitch, highlighting the ongoing fiscal challenges facing the U.S. government.
US lawmakers unveil bill to fund government, avert shutdown | Reuters
Congress unveils roadmap to averting partial government shutdown | AXIOS
