Alternative Investment Report

House passes government funding, averting shutdown threat

The House passed a short-term government funding patch on Friday, sending the measure to President Joe Biden hours before a shutdown would’ve kicked in at midnight.

The lower chamber cleared the measure in a 230-201 vote, funding the government through the midterm elections until Dec. 16 and providing billions in additional Ukraine aid and disaster relief. Most Republicans opposed the bill.

The temporary funding package buys time for congressional negotiations on a broader government spending deal that would increase agency budgets.