Congress Scrambles to Avert Government Shutdown as Deadline Looms
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U.S. House and Senate taking different approaches to avoid a government shutdown before funding runs out Saturday.
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House plans to vote on 4 full-year spending bills reflecting conservative priorities, while Senate supports a stopgap bill.
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A shutdown would furlough federal workers and suspend services, with Moody's warning it could hurt U.S. credit rating.
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Hardline House Republicans are demanding $120 billion in discretionary spending cuts, rejecting a deal made between Biden and McCarthy.
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Trump cheering on shutdown threats, while McCarthy aims to avoid it, though path forward in the House remains unclear.