Congressional leaders have put forth a plan to prevent a partial government shutdown ahead of the Friday federal funding deadline. The proposal involves a 1,547-page text released by House Republicans for a short-term extension of fiscal year (FY) 2024 government funding levels. This extension, known as a continuing resolution (CR), is the second one since FY 2024 ended on Sept. 30.
The bill aims to extend FY 2024 government funding levels until March 14 and includes over $100 billion for disaster relief following storms Helene and Milton in the U.S. Southeast. Additionally, there is $10 billion allocated for economic assistance to farmers. Health care provisions in the legislation target reducing the influence of Pharmacy Benefit Managers (PBMs), while there are plans to revitalize Washington, DC’s RFK Stadium and its surrounding area.
