The United States signs a last minute budget bill and avoids a Federal Services crisis.

Although they have finally ruled out the threat of a “shutdown”, the members of the US parliament are committed  in much more difficult discussions to avoid the United States being unable to pay the bill anytime soon. The United States avoided, on Thursday September 30th, the paralysis of federal services by signing a budget bill […]

Published on 1/27/2022Last modified on 1/27/2022

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The United States signs a last minute budget bill and avoids a Federal Services crisis.

Although they have finally ruled out the threat of a “shutdown”, the members of the US parliament are committed  in much more difficult discussions to avoid the United States being unable to pay the bill anytime soon.

The United States avoided, on Thursday September 30th, the paralysis of federal services by signing a budget bill that extends the current budget until December 3. The legal text, signed by President Joe Biden, had been adopted earlier this year by the House of Representatives and the Senate.

While they finally dismissed the threat of a budget crisis, known as the “shutdown”, the lawmakers are committed in much more difficult discussions to avoid the United States being unable to meet its payment deadline on October 18th, which would mean Congress raising the country’s debt limit. Well aware of the danger, Republicans and Democrats cannot agree on how to avoid it. In a deeply divided Congress, the issue has become highly political as the opposition has knowingly tied the debt issue to a historic plan by Joe Biden. The Democratic president plans to spend $3.5 trillion to fundamentally reform the social fabric of the United States and invest heavily in the fight against climate change.

The United States signs a last minute budget bill and avoids a Federal Services crisis.