Bipartisan Deal Reached to Extend Funding Deadlines, Avoid Shutdown
• Congressional leaders unveiled a bipartisan deal to extend funding deadline to March 8 for 6 spending bills and March 22 for the other 6, avoiding a shutdown.
• The deal gives more time to finalize the bills after an agreement was reached on top-line numbers for defense and non-defense spending.
• The first batch of bills cover areas like agriculture, commerce, energy, interior, military construction, and transportation.
• President Biden met with congressional leaders to stress the importance of avoiding a shutdown and providing aid to Ukraine.
• The real deadline is likely April 30, after which automatic cuts would be triggered for failing to properly fund the government.