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Federal Tax

Biden Signs Legislation Averting Government Shutdown

Checkpoint Federal Tax Update Staff  

· 1 minute read

Checkpoint Federal Tax Update Staff  

· 1 minute read

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.

 

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