On Friday, President Biden signed stopgap legislation to fund the federal government through early March. The bill passed both the Senate and the House on Thursday averting a partial government shutdown.
The measure passed the House 314-108 late on Thursday, with 106 Republicans and two Democrats voting against the measure. Earlier on Thursday, the Senate passed the bill 77-18.
This third stopgap funding bill, known as a “continuing resolution” or “CR,” simply extends last fiscal year’s spending levels to March 1 and March 8, which are the deadlines for completing the 12 spending bills needed to fund various government agencies.
Get all the latest tax, accounting, audit, and corporate finance news with Checkpoint Edge. Sign up for a free 7-day trial today.
