The funding fight involves a small slice of the US$6.4 trillion budget for this fiscal year.
Congress must pass legislation that US president Joe Biden can sign into law by midnight on Saturday.
House Republicans, led by a small faction of hardline conservatives in the chamber they control by a 221-212 margin, have rejected spending levels for the fiscal year 2024 set in a deal speaker Kevin McCarthy negotiated with Biden in May. “I think that the speaker is making a choice between the speakership and American interests,” Biden told a group of donors at a fundraiser in San Francisco yesterday.
“We’re trying to work to see, could we put some border provisions in that current Senate bill that would actually make things a lot better,” he said. Fitch, another major rating agency, already downgraded the US government to “AA+” after Congress flirted with defaulting on the nation’s debt earlier this year.
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