The U.S. House of Representatives is scheduled to vote next Tuesday on a stopgap funding bill. The vote will be conducted under the suspension of the rules procedure, a high-bar process that requires a two-thirds majority of the members present for passage. This procedure is typically used for non-controversial legislation that enjoys bipartisan support. The vote takes place against the backdrop of an imminent funding deadline for the U.S. federal government, as current fiscal year appropriations are due to expire on September 30. If Congress does not approve a new appropriations bill or a continuing resolution before that date, the federal government could face a partial shutdown. In the meantime, both the House and the Senate have each advanced their own temporary funding measures, with the aim of extending government funding through the autumn and beyond, in a bid to avoid the risk of a funding lapse before the new fiscal year begins.
According to ChainCatcher, the U.S. House of Representatives is set to vote next Tuesday on a stopgap funding bill. It will move under the suspension of the rules procedure, meaning it needs a two-thirds majority of members present to pass. That bar is high. This route is usually saved for legislation seen as relatively uncontroversial and backed by both parties.
The vote is coming as the federal government runs into a funding squeeze. Appropriations for the current fiscal year expire on September 30. If Congress does not pass either a new appropriations bill or a continuing resolution before that date, the federal government could face a partial shutdown. So both the House and the Senate have already moved forward with their own temporary funding proposals, trying to keep the government funded through the autumn and beyond.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
