The Federal Government in the US is reopening after 43 days.

Approval of Temporary Budget Proposal by the House of Representatives

In the United States, following the federal government's shutdown on October 1, 2023, the House of Representatives approved a critical temporary budget proposal for reopening the government. This proposal, which reshapes the federal budget, was passed with a vote of 222 to 209, marking the first significant step. The proposal aims to provide funding for a large portion of federal agencies until January 30, 2024.

Political Party Support and Voting Results

During the voting on the proposal, it was noteworthy that only 2 Republican members voted against it, while 6 Democrats also supported it. Following its approval, the proposal is expected to go to President Donald Trump's desk for his signature. With Trump's signature, the federal government, which has been closed for 43 days, will resume operations.

Record Shutdown Duration in Country's History

The failure of Congress to approve a temporary budget to finance the federal government before the new fiscal year began led to the government's shutdown on October 1. This situation caused many federal agencies to halt their activities and set the stage for the historic shutdown of the government. The disagreements over the federal budget further complicated this situation.

Final Solution to the Shutdown

Democratic and Republican senators finally reached a compromise after prolonged discussions regarding the temporary budget for reopening the government. This compromise was shaped with the condition of guaranteeing the extension of health care subsidies. The compromise was passed in the Senate vote held on Monday night local time with 60 to 40 votes, marking an important step towards reopening the government.

As a result, the reopening of the government is expected to receive a positive response in financial markets and among the public. The reopening of the government also signifies a positive development for many federal employees, and this process, which could influence economic growth, stands out as an important development to be closely monitored.