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Stopgap Funding Bill Passed, US Govt Shutdown Averted, For Now

US TSYS
  • Markets are likely to open on a positive tone after Congress passed a stopgap funding bill Saturday evening. The Senate voted to pass the bill on a 88 to 9 margin after the House had voted 335-91.
  • Later in the evening President Biden signed the H.R. 5860 bill, "which provides fiscal year appropriations to Federal agencies through November 17, 2023, for continuing projects of the Federal Government and extends several expiring authorities." LINK
  • US Treasury Secretary Yellen issued a statement applauding the bipartisan measure to avoid a shutdown.

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