'Prevent Catastrophe' US Democrats May Pass Senate Temporary Budget Bill as Early as Today

[Asia Economy New York=Correspondent Baek Jong-min] The US Democratic Party is expected to pass a temporary budget bill as early as the 29th to prevent a federal government shutdown in the Senate. After the simultaneous passage of the temporary budget bill and the debt ceiling increase failed amid Republican opposition, the Democrats have shifted their stance to prioritize preventing the imminent shutdown.

Senate Majority Leader Chuck Schumer said that the temporary budget bill, which covers government funding until December, could be introduced and voted on as early as today. The deadline for passing the temporary budget bill is midnight on the 30th. If the bill is not passed by then, the shutdown will begin on the 1st.

Leader Schumer stated, "If we quickly approve this bill and send it to the House, we can get the President's signature before midnight tomorrow," adding, "There are many important issues to resolve, but what Americans need most right now is to prevent the shutdown."

The Democrats had planned to pass the debt ceiling increase and the temporary budget bill together, but the Republicans rejected the procedural vote for this on the 27th, effectively derailing the plan.

The White House Office of Management and Budget has issued closure guidelines to federal agencies ahead of the end of the federal government's fiscal year.

Senator Schumer also emphasized that if the debt ceiling increase is passed solely by the Democrats using budget reconciliation, Congress would fall into a quagmire, stressing the importance of reaching an agreement with the Republicans. A day earlier, Treasury Secretary Janet Yellen warned that if the debt ceiling is not raised, the US would face an unprecedented default starting from the 18th of next month.

This content was produced with the assistance of AI translation services.