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Congress approved new project to temporarily fund U.S. government - Politico

Congress approved new project to temporarily fund U.S. government - Politico Photo: Congress prepares a new deal to temporarily fund the U.S. government (Getty Images)

Leaders of the U.S. House of Representatives and the Senate have reached an agreement on a new temporary government funding bill. Federal institutions will receive funding until the beginning of March, according to Politico.

The new funding scheme will allow federal institutions to operate on two different timeframes, similar to the current temporary shutdown.

Specifically, funding for some federal agencies will be extended until March 1, while for others, it will be extended until March 8.

A vote on the project is expected next week.

New Congressional leaders' agreement to prevent shutdown

On January 7, Speaker of the House Mike Johnson, Senate Majority Leader Chuck Schumer, and House Minority Leader Hakeem Jeffries announced the conclusion of a preliminary agreement setting the overall level of U.S. government spending for the year 2024 at nearly $1.66 trillion. The agreement aims to prevent a shutdown, a partial government work stoppage, due to delays in approving the budget for the current year.

Some Republicans in the House of Representatives are discussing the possibility of Speaker Johnson's resignation over the previous spending agreement.

In November 2023, after lengthy debates, the Senate supported a temporary two-stage government funding bill to avoid a shutdown. The document did not include aid for Ukraine and Israel. Joe Biden signed this bill into law.