The post Here Are The Likely Government Shutdown Deadlines For 2024 appeared on BitcoinEthereumNews.com.

The US Capitol is seen in Washington, DC A continuing resolution looks set to avoid a November … [+] shutdown, but has created new fiscal deadlines for the U.S. government (Photo by STEFANI REYNOLDS/AFP via Getty Images) AFP via Getty Images A continuing resolution (H.R. 6363) to avert a November government shutdown has passed the House and is highly likely to pass the Senate and be signed into law before the November 17 deadline. This would avoid any shutdown risk for 2023. However, the continuing resolution as passed by the House, would then introduce two potential government shutdown deadlines for the markets to pay attention to in January and February 2024. This approach is unusual because previous continuing resolutions would fund the government in its entirety until the resolution expired. A Two-Tiered Approach The continuing resolution gives separate extension deadlines for different areas of government. Four appropriations committees have a deadline extension until midnight January 19, 2024, these are: Agriculture, Rural Development and the Food and Drug Administration Energy and Water Development Military Construction and Veterans Affairs Transportation, Housing and Urban Development Then the remaining eight areas of government would have their funding expire two weeks later on February 2, 2024, these are: Defense Commerce, Justice and Science Financial Services and General Government Homeland Security Interior, Environment and Related Agencies Labor, Health and Human Services and Education The Legislative Branch State and Foreign Operations What’s Next? There are several weeks for politicians to make progress on the budget. The 45 day period after September’s continuing resolution was disrupted by the need to elect a new House Speaker, a process which consumed several weeks. The hope is that a full budget can be agreed on which avoids the need for subsequent continuing resolutions, since these come with shorter term deadlines and…

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Filed under: News - @ November 15, 2023 8:22 pm