House-Senate Panel Approves Stopgap Spending Bill
October 27, 2009 - 6:26 PMA House-Senate panel has approved legislation to avoid a government shutdown when a stopgap spending law expires on Saturday.
The move, undertaken at the behest of Democratic leaders, would keep the government running at current budget levels through Dec. 18. The legislation is needed because several of the annual spending bills for the 2010 budget year have yet to pass.
The measure, which was added to a spending bill for the Interior Department, also extends highway programs and federal loan guarantees for larger mortgages.
The compromise bill is slated to pass the House and Senate this week in order to be signed by President Barack Obama by a Saturday deadline.
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