BlockBeats News, July 23rd. On July 22nd local time, during a speech in Georgia, U.S. President Trump mentioned that due to disagreements between the Republican and Democratic parties on spending priorities, a federal government "shutdown" will occur in September. On July 21st local time, the Republican-controlled U.S. House of Representatives passed a short-term funding bill to provide funding for federal agencies until December 4th, avoiding a shutdown due to funding running out before the midterm elections in November. This temporary funding measure is also known as a "continuing resolution." The bill will be sent to the Senate for consideration after passage.
Currently, Senate Republican leaders are negotiating with Democrats and considering presenting their own short-term funding proposal. If Congress fails to pass a funding bill in time, most federal agencies and programs will run out of funding at midnight on September 30th, the end of the current fiscal year. (CCTV)
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