A budget bill that will end the partial government shutdown in the US has passed the House of Representatives. The comprehensive spending package, which ended the three-day government shutdown, has been sent to President Donald Trump for signature.
According to White House sources, Trump is expected to sign the bill soon, officially ending the partial shutdown of federal agencies. Republican leaders and Trump worked hard to persuade members to support the bill despite some opposition within the party. The party leadership did not want a repeat of the crisis similar to the prolonged shutdown last fall, which lasted 43 days and caused significant disruption in Washington.
The vote is seen as a significant political victory for Trump and House Speaker Mike Johnson. Johnson worked tirelessly to rally Republican members around the agreement despite internal party divisions.
However, the approved package only provides temporary funding for the Department of Homeland Security (DHS). This raises the risk of a new budget “crisis” within two weeks. Furthermore, the absence of some conservative priorities in the bill indicates that the debate within the party is far from over.
While the new arrangement allows the government to continue operating in the short term, Congress faces tough negotiations again in the coming weeks, particularly regarding the DHS budget.
*This is not investment advice.