US Congress Unveils Temporary Spending Bill to Avert Shutdown

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(Bloomberg) — US lawmakers released a stopgap spending bill to avert a partial government shutdown on Jan. 20, greatly reducing the chances of a closure but risking conservative Republican ire against House Speaker Mike Johnson.

The temporary spending bill would extend funds for some agencies that face a Jan. 20 deadline through March 1 and for others that face a Feb. 2 deadline through March. 8. The Senate will begin procedural votes on the bill, known as a continuing resolution, on Tuesday and will require cooperation among the 100 senators to pass it before the deadline.