• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Biden will approve the project on financing without assistance to Ukraine and Israel


November, 15 2023
watermark Economic news

US President Joe Biden announced his readiness to sign a bill on financing the work of the US government, passed by the House of Representatives, subject to its approval by the Senate, in order to avoid a shutdown.


According to the bill, some departments will be funded until January 19, 2024, and the other part – until February 2. At the same time, the project does not provide financial assistance to Ukraine and Israel.


The document has already received the support of the majority of congressmen: 336 members of the House of Representatives voted for its adoption, 95 opposed it. Earlier, this two-stage project of temporary financing of the government, excluding assistance to Ukraine and Israel, was submitted for consideration by the new Speaker of the House of Representatives, Michael Johnson.


Johnson's bill includes an extension of funding for various government programs, including military construction, transportation, urban development, agriculture, the Food and Drug Administration, veterans benefits, as well as energy and water projects until January 19. Funding for other federal operations, including defense, ends on February 2.


Soon, the bill will be sent to the Senate, and after approval, it will be signed by President Joe Biden. In case of late approval and signing of the bill, a partial shutdown of the federal government is possible from November 18.


Top Top