Hours-Long Shutdown Ends With Budget Accord as Trump Signs Off

  • Two-year plan boosts federal spending by almost $300 billion
  • Congress approved budget measure after brief funding lapse
Bloomberg’s Stephanie Baker reports on the U.S. Congress passing a two-year budget agreement.Source: Bloomberg
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President Donald Trump signed a two-year budget agreement that will boost federal spending by almost $300 billion and suspend the debt ceiling for a year, ending a brief partial government shutdown that began at midnight when lawmakers missed a funding deadline.

Congress passed the measure before dawn on Friday. The 240-186 House vote overcame opposition from many Democrats and a faction of GOP conservatives. The Senate passed the bill earlier Friday, 71-28.