• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
PoliticsFederal budget

Federal Government Shutdown Closer to Being Averted With House Vote

By
Erik Wasson
Erik Wasson
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Erik Wasson
Erik Wasson
and
Bloomberg
Bloomberg
Down Arrow Button Icon
November 19, 2019, 5:02 PM ET
Washington Monument - Washington, DC
The U.S. Senate is slated this week to follow the House in approving a stopgap federal funding bill, which President Donald Trump has agreed to sign. The measure would keep the U.S. government running through Dec. 20, buying time for lawmakers to complete a permanent 2020 funding bill.Matt McClain/The Washington Post/Getty ImagesMatt McClain—The Washington Post/Getty Images
Add Fortune on Google for similar content.

The U.S. House has voted to keep the government funded until Dec. 20 and avoid a shutdown when current spending authority runs out after midnight Thursday.

The stopgap spending bill, approved Tuesday on a 231-192 vote, is set to be taken up by the Senate this week, and President Donald Trump will sign it by the deadline, Majority Leader Mitch McConnell said on the Senate floor.

The temporary measure, known as a continuing resolution, is necessary because lawmakers still haven’t agreed on the 12 annual spending bills needed to fund federal agencies for the rest of the fiscal year that began Oct. 1.

“With just days until current stopgap funding expires, we must pass a continuing resolution to keep government open and fund key priorities,” House Appropriations Chairwoman Nita Lowey said, adding that her committee is still working to finish the spending bills.

The House already passed its version of 10 of the bills, and the Senate passed its version of four. None of those can be reconciled until Republicans and Democrats agree to top-line spending levels for each of the 12 bills within the overall $1.3 trillion budget cap enacted by bipartisan legislation in July.

Once again, the key sticking point is Trump’s request for $9 billion for a border wall, which Democrats are refusing to fund. Putting taxpayer money toward the wall would mean other domestic priorities would receive less funding. A proposal to lift the overall budget cap to accommodate the wall hasn’t gained traction so far.

FISA, other programs, extended

The short-term spending bill the House passed Tuesday also extends a number of expiring programs, including controversial law-enforcement wiretapping authority, known as the Foreign Intelligence Surveillance Act, opposed by progressives and libertarians.

The elements of FISA, set to expire on Dec. 15, would be extended through March 15, 2020, in the House bill. The provisions allow expanded authority to wiretap terrorism suspects, collect call record details, to track “lone wolf” suspects not connected to a terrorist organization, and to examine business records related to terrorism investigations.

Rep. Alexandria Ocasio-Cortez, a progressive Democrat from New York, said she would vote against the stopgap bill because it extends FISA authorities. But Sen. Rand Paul, a libertarian-leaning Republican from Kentucky, said he would not trigger a shutdown by slowing down Senate debate on the bill past the deadline this week. He triggered a six-hour shutdown in 2018 by delaying the vote because he objected to spending levels.

The bill passed by the House would also keep the Export-Import Bank open until Dec. 20 as lawmakers attempt to negotiate a long-term re-authorization of the export finance agency. It would also give members of the military a 3.1% pay increase, allow the Census to spend more money and avert a funding cliff for transportation spending next year. Community health centers and other health programs would also receive funding through Dec. 20.

More must-read stories from Fortune:

—Banning big tech from banking: Unifying Democrats and Republicans
—Bernie Sanders dominates in donations from suburban women
—2020 candidate Tom Steyer is a billionaire, but not that kind of billionaire
—The 2020 tax brackets are out. Here’s what you need to know
—More companies are openly supporting abortion rights Get up to speed on your morning commute with Fortune’s CEO Daily newsletter.

About the Authors
By Erik Wasson
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Politics

California Republican’s awkward pitch: vote for me even if you hate Trump
BankingElections
California Republican’s awkward pitch: vote for me even if you hate Trump
By MIchael R. Blood and The Associated PressJuly 23, 2026
5 hours ago
z
EconomyElections
Democrats decide 2026 midterm elections are the perfect time for a civil war pitting socialists against moderates
By Jill Colvin and The Associated PressJuly 23, 2026
6 hours ago
police tape
North AmericaCrime
American homicides on track for lowest level in more than a century: ‘one of the most significant public safety developments in decades’
By Safiyah Riddle and The Associated PressJuly 23, 2026
6 hours ago
Photo of Speaker of the House Mike Johnson.
PoliticsCongress
The Republican-controlled House just passed a stock trading bill — that exempts Trump’s 3,600 Q1 trades
By Joey Cappelletti and The Associated PressJuly 23, 2026
6 hours ago
tx
PoliticsElections
‘The most cross-partisan issue I’ve ever seen in my life’: Republicans are so exposed on data centers that even Texas is going up for grabs
By Marc Levy and The Associated PressJuly 23, 2026
6 hours ago
t
North AmericaWhite House
Trump signed a nuclear deal with Saudi, then rewrote its terms on social media to include Israel
By Aamer Madhani, Collin Binkley, Michelle L. Price and The Associated PressJuly 23, 2026
6 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
1 day ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
1 day ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
3 days ago
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
Success
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
1 day ago
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Personal Finance
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
By Joshua HongJuly 23, 2026
15 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.