US Senate Democratic leader Chuck Schumer announced on Monday that “congressional leaders agree to a stopgap funding measure.”
Additional comments
New bipartisan stopgap measure would fund some gov’t agencies through March 1, others through March 8.
Stopgap bill aims to avert partial US government shutdown before Friday.
Will require bipartisan cooperation in the Senate and the House to quickly pass the CR and send it to the President’s desk before Friday’s funding deadline.
Earlier, the Financial Times (FT) reported that US Senate Majority leader Schumer had submitted a stopgap budget measure aimed at postponing the threat of a costly government shutdown until March.
Market reaction
The US Dollar Index paused its recovery mode on the above headlines, currently trading modestly flat at around 102.40.
Source: https://www.fxstreet.com/news/top-us-senae-democrat-schumer-congressional-leaders-agree-to-a-stopgap-funding-measure-202401150208