The US Senate has enough votes to approve a temporary govt funding bill

Ross J Burland FXStreet

The US Senate has enough votes to approve a temporary govt funding bill to avert a shutdown on Friday; voting is ongoing in a game on brinksmanship at Congress.

The stopgap measure, known as a continuing resolution, was expected to pass the Senate with bipartisan support.

Congress had to approve a funding bull by the end of today or the government would shut down.

This follows Senate Majority Leader Chuck Schumer announcement on Wednesday night that a deal had been on the funding measure after an earlier bill, which included a provision to suspend the debt limit through December 2022, was blocked by Republican senators this week.

The S&P 500 and the Dow tumbled on Thursday with worries over economic growth and a possible government shutdown. Democratic divisions have been imperilling President Joe Biden's agenda to invest in infrastructure, expand social services and address climate change.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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