House MPs reached an agreement this weekend to prevent the government from closing, but a group of senators may still object, allowing for some services to be partially down.
House Appropriations Chairwoman Rosa DeLauro, a Connecticut Democrat, announced an agreement to fund the federal government through February 18. Without such an emergency budget, the government would partially close after midnight on Friday. The measure also includes $ 7 billion for refugees in Afghanistan.
A House vote is expected on Thursday.
It's unclear how the move will fare in the Senate, where a group of GOP Conservatives are planning to oppose the hasty scrutiny of such a makeshift budget without an agreement to refuse funds to enforce the Biden government's vaccine mandate for large corporations hold true.
Continue reading: Biden's government is asking the court to approve the vaccination mandate for employees
And see: Congress faces closing time, hurdles to Biden's Build Back Better plan
The Republicans disagree on threatening a shutdown. Senate minority leader Mitch McConnell, a Republican from Kentucky, said "I think we'll be fine" on Wednesday when asked about the prospect of a shutdown.
US stocks traded higher Thursday morning in an increasingly volatile market that created uncertainty about the spread of the coronavirus and a blurred path for monetary policy and the US economy.
The Dow Jones Industrial Average
is last up 0.8%, while the S&P 500 index
0.5% added and the Nasdaq Composite Index
increased by 0.4%.