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Zero Hedge
ZeroHedge
23 Mar 2024


NextImg:Swamp Wins: Senate Approves $1.2 Trillion Spending Bill, Narrowly Averting Gov't Shutdown 

A partial US government shutdown was averted in the wee hours of Saturday morning as the Senate approved a $1.2 trillion spending package. The measure will now go to President Biden's desk later today.

The passage of the 1,012-page bill (did any lawmakers actually read the whole thing?) in a 74 to 24 vote concludes several months of drama on Capitol Hill centered around Republicans demanding deeper spending cuts as the federal government spends like drunken sailors, with the national debt recently skyrocketing to over $34.578 trillion.

The legislation provides 75% of the federal government funding for the coming six months. It includes measures to increase military salaries, eliminate funding to the United Nations agency supporting Palestinian refugees, and enhance security along the southern border. 

The bill passed shortly after the 12:01 a.m. deadline, indicating that some federal funding expired, but the White House budget office said it would not declare a shutdown.

On Friday, the House passed the pork-filled bill by a vote of 286-134, with 112 Republicans and 22 Democrats against. The bipartisan deal was the result of an agreement between the president, House Speaker Mike Johnson (R-LA), and Senate Majority Leader Charles E. Schumer (D-NY). 

"It's been a long day, a long week, a very long few months, but tonight we have funded the government," said Senate Majority Leader Chuck Schumer (D., NY). 

Senator Patty Murray (D-WA), Chair of the Senate Appropriations Committee, wrote in a statement, "We have finally passed all twelve bills to fund the government—and I'm proud to be sending a $1 billion increase in funding for child care and early learning programs to President Biden's desk." 

The Senate Appropriations Committee highlighted what it believes are the top things in the $1.2 trillion funding package: 

Meanwhile, Rep. Chip Roy (R., TX). said the swamp wins again: "We have a thousand-page bill of $1.2 trillion dollars—a bill filled with all manners of spending priorities that are at odds with the American people. That's what we have in front of us."

"It's a sad, disappointing day. Republicans promised to spend less and secure the border," said Rep. Warren Davidson (R., OH), adding, "This bill does neither."

Reckless swamp spending is raising the national debt by $1 trillion every 100 days and pushing America even closer to financial ruin.