At the last minute, the US Congress passed a law to prevent this. off It was a tense night for the federal U.S., where fears were mounting that a new budget plan would not be approved by the deadline. Ultimately, the bill was passed shortly after the midnight deadline. with that, Financing As of March 14, the federal government has included several billions for children in this plan. Aid for reconstructionand post-hurricane relief and to support the agricultural sector. However, the increase Loan limit Donald Trump requested.
Shutdown averted: Government activities refinanced by March.
Difficult negotiations followed with the approval of a financing agreement for the activities of the federal government. There were several delays due to the presence of loud noises on the way but finally the solution was found. The contract. It came out shortly after midnight on Saturday (6am Italian time), with 85 votes in favor and 11 against. The final step will be the signature of the outgoing president. Joe Biden.
The agreement had already been approved in the chamber on Friday evening, with a large majority in this case: 366 votes in favor and 34 against. Then the slowdown: a half-hour delay in approval in the second branch of Congress.
After negotiations and delays, the agreement will allow Do not interfere with federal activities. Thanks to refinancing till March 2025. But the text also provides for a series of useful borrowings, such as approx 100 billion dollars To support those involved Natural disastersEspecially in regards to the recent hurricanes, and another 10 billion to help farmers in distress.
Trump and Elon Musk’s (unapproved) plan
While American citizens, especially employees who were at risk of losing their jobs and unpaid wages, awaited the outcome of the deal, politicians pitted the plan against perpetual election campaigns and confrontations with other parties. Used for viewing. Donald Trump, re-elected president, had asked Republicans not to vote on a deal with Democrats. Soon, there was no shortage of statements from Elon Musk, who criticized the deal, claiming it involved unnecessary steps and costs.
An alternative plan was proposed to reduce these excessive costs and eliminate others, but above all it added to its suspension. Loan limit (The amount that the state can borrow on the markets). Trump would like to renew the provision ahead of January 20, while the cap is currently suspended until January 1, 2025.
However, the new plan was unpopular with Democrats, and some Republicans, which led to its rejection. In the end, the text agreed on Saturday is not too far from the text proposed by Trump, but does not include a suspension of the debt ceiling.
The agreement avoided job and pay freezes, but also the closure of parks, museums and other federal services. The fear of a shutdown in the US is real as there was a 35-day shutdown between 2018 and 2019 during Trump’s last term.
