📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Biden to meet congressional leaders with shutdown clock ticking

Published 02/25/2024, 07:22 PM
Updated 02/25/2024, 07:26 PM
© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks to U.S. governors attending the National Governors Association winter meeting, in the East Room of the White House in Washington, U.S., February 23, 2024. REUTERS/Elizabeth Frantz/File Photo

WASHINGTON (Reuters) - President Joe Biden plans to meet with congressional leaders Tuesday to discuss funding the government as a partial shutdown deadline looms on Friday, the White House announced Sunday.

Biden will meet with top Democrats and Republicans from both the House and Senate on Tuesday, where the president will discuss the "urgency" of passing a government funding bill before midnight on Friday (0500 GMT Saturday). He also plans to discuss a stalled national security bill that provides assistance to Ukraine, Israel and Taiwan.

The meeting comes as lawmakers remain at a stalemate to avoid a shutdown. Senate Majority Leader Chuck Schumer, a Democrat, said in a statement Sunday that there still was no deal and called on House Speaker Mike Johnson, a Republican, to "step up" and strike a bipartisan compromise, despite objections from his party's most conservative lawmakers.

© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks to U.S. governors attending the National Governors Association winter meeting, in the East Room of the White House in Washington, U.S., February 23, 2024. REUTERS/Elizabeth Frantz/File Photo

Johnson later Sunday posted on X that Republicans were still negotiating in good faith and contended many of the points still up for debate were later demands from Democrats. He said he hoped to reach an outcome "as soon as possible."

Funding is due to run out on March 1 for some federal agencies, including the Department of Transportation, while others like the Defense Department face a March 8 deadline.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.