KEY TAKEAWAYS
- U.S. President Joe Biden signed a stopgap spending bill to prevent a government shutdown.
- The bill will keep government funding at current levels for approximately two months.
- The bill excludes the White House's request for nearly $106 billion in aid for Israel and Ukraine.
U.S. President Joe Biden signed a stopgap spending bill preventing a government shutdown just ahead of Friday's deadline.
The bill passed the House and Senate by wide bipartisan margins earlier this week, with the president signing the bill into law Thursday while attending the Asia-Pacific Economic Cooperation summit in San Francisco.
The move will keep the government funded at current levels for approximately two months, with a funding deadline for some government agencies and programs on Jan. 19, while others must be funded by a subsequent Feb. 2 deadline.
The staggered deadlines could allow lawmakers more time to negotiate longer-term solutions but also create two dates when there could be a risk of a partial government shutdown.
The bill excludes the White House's nearly $106 billion wartime aid request for Israel and Ukraine, along with additional funding for humanitarian assistance, border security, and other requests. Lawmakers are expected to resume negotiations on these requests following the Thanksgiving holiday, with the aim of reaching a comprehensive agreement.