A last-minute budget bill has passed in the United States House of Representatives to keep the federal government funded and running through mid-March, averting an impending shutdown.
The continuing resolution now progresses to the Senate with only hours to spare before the shutdown is slated to take effect on Saturday at 12:01am local time (05:01 GMT).
On Friday evening, the temporary budget legislation sailed through the House with an overwhelming 366 votes in support.
Only 34 representatives, all Republican, voted against the bill. One Democrat, Representative Jasmine Crockett of Texas, abstained by voting “present”.
“We are really grateful that tonight, in bipartisan fashion with overwhelming majority of votes, we passed the American Relief Act of 2025,” Mike Johnson, the House speaker, said in a news conference after the vote.
The stopgap bill, however, omitted one key issue that had stalled recent negotiations: the debt ceiling.
Normally, Congress weighs federal spending separately from the debt ceiling, which limits how much the government can borrow.
But this week, President-elect Donald Trump scuttled an earlier bipartisan bill in part because it did not extend or abolish the debt ceiling, which he compared with a “guillotine” dangling over his incoming administration.
The debt ceiling has become a divisive issue among Republicans, some of whom feared extending or eliminating it would pave the way for unfettered government spending.
United Arab Emirates Dirham Exchange Rate
