Friday, October 2, 2009

US Senate OKs 1-Mo Emergency Extension Of Federal Government Funding Levels

WASHINGTON -(Dow Jones)- Facing a midnight deadline, the U.S. Senate Wednesday approved an emergency one-month extension of current funding levels for the federal government.

The extension is necessary because lawmakers have been unable to complete work on the 12-must pass spending bills required to keep the various arms of the federal government running each year.

With the federal government's fiscal year in its waning hours, all non- essential parts of the government would have been required to shut down at midnight had the extension not been agreed to.

The Senate voted 62-38 to agree to the extension.

House lawmakers voted strongly in favor of the measure last week.

President Barack Obama must sign it into law by midnight to avert the shutdown. FULL STORY

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