The new Speaker of the United States House of Representatives, Mike Johnson, stated that at the end of the week, representatives were busy developing a stopgap plan to continue providing funding to the US government after the November 17 deadline.
Although Johnson did not mention the proposed time frame for the government's "renewal" in a media interview on Sunday, he has mentioned the timetable for January 15th since his election as Speaker of the House in October.
Johnson stated that providing temporary funding to the US government again "will give us time" to continue the funding process, which involves submitting 12 expenditure bills to the House of Representatives for approval.
I looked a bit haggard this morning because I slept late last night, "Johnson said. We have been working on a temporary solution all weekend. We realize that we may not be able to complete all the funding bills by the deadline of November 17th, but we will continue to do our best
Johnson discussed a temporary measure with Senate Republicans last week that could extend until January 15th. He also stated that some lawmakers have discussed a "tiered" ongoing resolution setting staggered deadlines for individual funding bills, but the parliamentary leadership has not yet followed up on this possibility.
At the end of September, the US Senate passed a last-minute expediency bill to provide support to the US government for funds transferred to November 17th, thus temporarily avoiding a government shutdown crisis. Congress must pass legislation to allocate funds to the government before November 17th, otherwise the shutdown crisis will return.
Goldman Sachs predicted in an analysis released last week that considering that US lawmakers may once again choose the temporary appropriations bill, also known as the expediency spending bill, the likelihood of the government shutting down before the end of this year is unlikely, but there is still a possibility of a shutdown early next year.
Goldman Sachs pointed out that the Israeli conflict and the recent US air strikes on Syria and other geopolitical situations will make it unlikely for Congress to allow the government to shut down, as a shutdown would affect the military; In addition, after several weeks of internal strife, Mike Johnson was elected as Speaker of the House of Representatives, which also reduced the possibility of a government shutdown.