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House lawmakers are preparing to vote Thursday on a measure to avert a government shutdown, delaying key deadlines and buying themselves more time to finish a bigger funding agreement.
Facing an end-of-the-week deadline, the House of Representatives is scheduled to vote on a bill to temporarily fund one set of federal agencies through March 8 and another set through March 22.
In the meantime, Congress would aim to pass packages of legislation to fund the government for the remainder of the budget year.
Without action, a handful of agencies, including the Department of Agriculture, would partially close early Saturday. The remaining agencies, including the Pentagon, would partly shutter after March 8.
Investors may not be hurt by a brief shutdown, as stocks
SPX
have risen during previous government closures. But farmers would lose access to loans, initial public offerings could be halted and U.S. troops and other federal employees would go without pay.
Read: How a government shutdown could affect you and your money
Both the House and Senate would need to approve the deal to avert a partial shutdown.
Republicans only narrowly control the House, and Speaker Mike Johnson appears likely to be forced to rely on Democrats to help pass the stopgap spending measure.
The Associated Press contributed.
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