The federal government moved another day closer to a brief weekend shutdown with congressional Democrats and Republicans still struggling for agreement to pass a stopgap funding bill before Friday's deadline.

Senate leaders in both parties also haven't fully turned back a threat by a group of conservative Republicans to tie up the vote on a temporary government funding measure over their objections to federal Covid-19 vaccine and testing mandates.

Senate Majority Leader Chuck Schumer and his Republican counterpart, Mitch McConnell, gave repeated assurances throughout the day on Wednesday that negotiations were making progress and a deal was near. "I think we're going to be OK," McConnell told reporters.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.