This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: House Plans Stopgap Spending Bill as Government Shutdown Approaches
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Business > House Plans Stopgap Spending Bill as Government Shutdown Approaches
Business

House Plans Stopgap Spending Bill as Government Shutdown Approaches

Editorial Board Published February 7, 2022
Share
House Plans Stopgap Spending Bill as Government Shutdown Approaches
SHARE

An interim law currently funds the government through Feb. 18.

Photo: Julia Nikhinson/Bloomberg News

By

Siobhan Hughes

Updated Feb. 7, 2022 4:24 pm ET

WASHINGTON—House leaders scheduled a Tuesday vote to extend a temporary government funding measure through March 11, buying time for negotiators to work out a comprehensive fiscal 2022 package after a prolonged deadlock over how much to allocate for military and nondefense spending.

House Appropriations Committee Chairwoman Rosa DeLauro (D., Conn.) said that negotiators are “close to reaching a framework government funding agreement, but we will need additional time to complete the legislation in full.”

An interim law currently funds the government through Feb. 18. Absent congressional action, many parts of the government would shut down starting at 12:01 a.m. on Feb. 19. The Senate hasn’t set a time to vote on companion legislation after the measure clears the House.

House and Senate appropriators have been haggling over spending for weeks, but have been unable to bridge key differences, particularly over overall spending levels. With the expiration of the 2011 Budget Control Act, the two parties have less incentive to abide by the principle of parity in military and nonmilitary spending increases. The 2011 law was designed to force compromise by triggering automatic spending cuts in the absence of an agreement on defense and nondefense funding.

The executive branch, which administers the government, typically chafes at prolonged continuing resolutions, which pinch budgets, especially when inflation flares up, and deprive agencies and departments of flexibility in where to allocate their money. Agencies can’t hire for certain positions or start new programs without the approval of Congress, which controls government budgets.

Write to Siobhan Hughes at [email protected]

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:Business NewsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Republicans warm to climate change, offer alternative solutions from nuclear power to carbon capture Republicans warm to climate change, offer alternative solutions from nuclear power to carbon capture
Next Article Green Startups Stumble, Accelerating Selloff of Risky Stocks Green Startups Stumble, Accelerating Selloff of Risky Stocks

Editor's Pick

New Council of Financial Advisors report finds tariffs not inflicting inflation

New Council of Financial Advisors report finds tariffs not inflicting inflation

Former Trump administration head of financial coverage Tomas Philipson discusses President Trump’s commerce talks with South Korea and Japan, present…

By Editorial Board 4 Min Read
NBA Summer time League takeaways: Warriors rookie Will Richard makes debut vs. Spurs
NBA Summer time League takeaways: Warriors rookie Will Richard makes debut vs. Spurs

Richard makes debut SAN FRANCISCO – The Warriors‘ acquisition of their three…

5 Min Read
“A Family’s Fight to Reclaim Their Legacy”
“A Family’s Fight to Reclaim Their Legacy”

Introduction: For generations, the Wright family has worked and lived on their…

5 Min Read

Oponion

Is This the Real Turning Point for Aviation Stocks?

Is This the Real Turning Point for Aviation Stocks?

Investors who bought aviation stocks to ride the pandemic recovery…

October 6, 2021

BlackRock CEO Larry Fink flaunts agency’s behemoth standing

Cambria Funding Administration founder and CIO…

October 18, 2024

Snap Plans to Lay Off 20% of Employees in Cost-Cutting Drive

Snap is laying off 20% of…

August 31, 2022

Library takes down holiday-reading display featuring Bible lumped in with sexually explicit books

A Northern Virginia public library removed…

December 9, 2021

Ashton Jeanty didn’t win the Heisman, however he’s nonetheless chasing historical past at Boise State

Ashton Jeanty was into basketball greater…

December 27, 2024

You Might Also Like

Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution
Business

Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution

At a time when billions of linked objects are reshaping industries, Thales has achieved a vital safety certification for its…

4 Min Read
Soracom IoT Platform Achieves SOC 2 Kind 2 Compliance for Safety, Availability, and Confidentiality
Business

Soracom IoT Platform Achieves SOC 2 Kind 2 Compliance for Safety, Availability, and Confidentiality

Soracom, Inc., right now introduced that it has efficiently achieved System and Group Controls (SOC) 2 Kind 2 compliance, reinforcing…

2 Min Read
Mobile IoT Module Shipments Grew 23% in Q1 2025 as US–China tensions affect vendor panorama
Business

Mobile IoT Module Shipments Grew 23% in Q1 2025 as US–China tensions affect vendor panorama

In brief Shipments of mobile IoT modules and chipsets grew 23% year-over-year in Q1 2025, based on IoT Analytics’ International…

20 Min Read
Prime 7 Visitor Posting Marketplaces to Purchase Visitor Posts That Drive Search engine optimization Outcomes
Business

Prime 7 Visitor Posting Marketplaces to Purchase Visitor Posts That Drive Search engine optimization Outcomes

Utilizing a visitor posting market helps you overlook all that like a nasty nightmare. However how do you discover probably…

14 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?