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The Economic Times

Global Business / The Economic Times

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US senate leaders reach funding deal to avoid shutdown during campaign season

Key senators revealed a short-term spending bill to fund federal agencies past elections. This measure aims to prevent a government shutdown as lawmakers seek reelection. The bill extends current funding levels through December eleventh, which is unusual timing. Both parties wish to avoid blame for a potential shutdown before voters decide. Lawmakers will use the coming months to negotiate full-year funding differences.

3 Aug 2026 7:54 am