President Biden Enacts $460 Billion Spending Bill, Preventing Partial Government Shutdown

President Joe Biden took decisive action on Saturday by signing a $460 billion spending bill into law, effectively sidestepping a potential partial government shutdown slated for this weekend.

The comprehensive budget deal encompasses funding for six critical sectors of government, including military and veterans affairs departments, agriculture, commerce, justice, transportation, housing and urban development, and energy.

Following the House’s earlier passage of the bill this week, the Senate solidified the agreement with a 75 to 22 vote on Friday evening.

President Biden Enacts $460 Billion Spending Bill, Preventing Partial Government Shutdown
Funding covers vital sectors: military, agriculture, commerce, justice, and transportation. (Credits: Money Control)

This development marks progress in the ongoing efforts to establish a permanent budget plan for the remainder of the fiscal year, which commenced on October 1st. The expiration of the other six appropriations bills, sustaining the remainder of the government, is slated for March 22nd.

Congress has now resorted to passing short-term spending bills for the fourth time this fiscal year, effectively preventing a government shutdown.

Democrats have been fervently advocating for the continued full funding of essential programs, including a specialized food assistance initiative for women, infants, and children.

President Biden Enacts $460 Billion Spending Bill, Preventing Partial Government Shutdown
Congress averts shutdown, securing wins for Democrats and Republicans alike. (Credits: The New Yorker)

Their efforts also yielded victories in securing rent assistance and fair compensation for infrastructure workers such as air traffic controllers and railway inspectors.

Meanwhile, Republicans perceive the initial half of the funding package as a success, citing achievements such as safeguarding veterans’ rights to own firearms and implementing funding reductions to various government agencies, including the Environmental Protection Agency, the FBI, and the Bureau of Alcohol, Tobacco, Firearms, and Explosives.

Jackson Kelley
Jackson Kelley
Jackson is a political activist and market expert. He covers the impact of politics on the market and global economy.
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