House lawmakers reached a deal to head off a government shutdown this weekend, but a group of senators could still object, making a partial lapse of some services possible.
House Appropriations Chairwoman Rosa DeLauro, a Connecticut Democrat, announced an agreement to fund the federal government through Feb. 18. Without such a stopgap budget, the government would partially shut down after midnight Friday. The measure also includes $7 billion for Afghanistan refugees.
Republicans are not united in threatening a shutdown. Senate Minority Leader Mitch McConnell, a Kentucky Republican, said Wednesday “I think we’re going to be OK,” when asked about the prospect of a shutdown. U.S. stocks traded higher on Thursday morning, in what has become an increasingly volatile market resulting in uncertainty over the spread of coronavirus and a fuzzy path for monetary policy and the U.S. economy.
The Dow Jones Industrial Average DJIA, +1.10% was recently up 0.8%, while the S&P 500 index SPX, +0.65% added 0.5% and the Nasdaq Composite Index COMP, -0.14% rose 0.4%.
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