Summary
President Joe Biden signed a government funding bill, averting a shutdown and maintaining current funding levels through March 14.
The bill includes $100 billion in disaster aid and a one-year farm bill but excludes a debt limit extension sought by Donald Trump.
Despite vocal opposition from Trump and Elon Musk, both the Senate (85-11) and House (366-34) passed the bill with bipartisan support.
The White House highlighted the bill’s disaster relief provisions and rejection of tax cuts for billionaires as key achievements.
Whew, the manufactured crisis was averted once again.
- The United States can pay any debt it has because we can always print money to do that. — Ex-Fed. Res. Chair Alan Greenspan
- Why The [Federal] Government Has Infinite Money
- Your [Federal] Taxes Pay for Nothing
- What Caused Hyperinflation In Weimar, Zimbabwe And Venezuela?
- Richard D. Wolff & Michael Hudson: Is the US Rapidly Approaching Bankruptcy?
- The Use and Abuse of MMT
- Finding the Money