House won't pass spending bill to avoid shutdown: Rep. Emmer
02/17/2024 00:26
According to Representative Tom Emmer (R-MN.), House lawmakers will not pass any further temporary spending bills to prevent a government shutdown. This comes on the heels of a recently passed short-term funding bill set to expire on March 1, with other components expiring a week later on March 8. However, Emmer states that if no full-year spending deal is reached by the new March deadline, the House will refrain from additional stopgap bills, allowing funding to lapse. Yahoo Finance Senior Columnist Rick Newman breaks down the situation. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
According to Representative Tom Emmer (R-MN.), House lawmakers will not pass any further temporary spending bills to prevent a government shutdown. This comes on the heels of a recently passed short-term funding bill set to expire on March 1, with other components expiring a week later on March 8.
However, Emmer states that if no full-year spending deal is reached by the new March deadline, the House will refrain from additional stopgap bills, allowing funding to lapse.
Yahoo Finance Senior Columnist Rick Newman breaks down the situation.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith