Biden Signs Law to Avoid Government Shutdown Until March
U.S. President Joe Biden signed a bill on Saturday that ensures government funding until mid-March,
9averting a widespread shutdown following intense last-minute negotiations in Congress.
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Biden
In the final hours before the bill was passed, former President Donald Trump
and billionaire Elon Musk exerted significant pressure on Republicans to reject the compromise.
With the deadline approaching at midnight on Friday,
Senate members rushed to bypass traditional procedures and approve the new package,
which temporarily funds the government.
In a statement, Biden described the agreement as a compromise where neither party achieved all its demands.
He highlighted that the bill does not include accelerating tax cuts for billionaires, a key Republican priority.
Senate Majority Leader Chuck Schumer hailed the deal as a reflection of bipartisan cooperation
and a positive outcome for America and its people.
He emphasized the importance of keeping the government operational,
especially with the Christmas holiday approaching.
The United States
U.S. Consumer Confidence Rises to Highest Level Since April
Consumer confidence in the United States increased for the fifth consecutive month in December,
reaching 74 points—the highest level since April—according to data from the University of Michigan.
This comes as long-term inflation expectations dropped to 3% from 3.2% in November.
The survey revealed that the current economic conditions index rose by 17.5% to 75.1 points,
while the future expectations index declined by 4.7% on a monthly basis to 73.3 points.
Despite this, consumers’ short-term inflation expectations for the next 12 months rose to 2.8% from 2.6% in November,
marking the first increase since May.
However, these expectations remain within the typical range of 2.3% to 3.0% seen in the two years prior to the pandemic.
Biden Signs Law to Avoid Government Shutdown Until March