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The US government shutdown is imminent, and the Republican Party has proposed a new plan supported by Trump

The US government shutdown is imminent, and the Republican Party has proposed a new plan supported by Trump

Bitget2024/12/20 00:18

According to foreign media reports, U.S. President-elect Donald Trump supports the new agreement reached by House Republicans on short-term government spending and a potential increase in the debt ceiling. Trump stated: "The newly reached '2024 American Relief Act' will keep the government open, provide funding for farmers and others, and offer relief to those severely affected by devastating hurricanes." The agreement includes extending the current level of government appropriations for three months, commonly referred to as a Continuing Resolution (CR), and contains an extension of $110 billion in disaster and agricultural aid, which is a key demand from Democratic leaders. The deal also seeks to suspend the federal debt limit until January 2027. Senior Democrats have recently described this agreement as "ridiculous". The bill is expected to be voted on in Congress at 7:00 Beijing time this morning.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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