Ford cuts production of electric truck as EV demand slows

News

The US House of Representatives passed a short-term spending bill on Thursday that will avert a partial government shutdown and free up lawmakers to focus on contentious negotiations over aid to Ukraine.

Passage in the House came after the Senate overwhelmingly approved the bill earlier on Thursday. The bill will now go to President Joe Biden for his signature, extending government spending at current levels for some federal agencies until March 1 and others until March 8.

“It’s good news for every American, especially our veterans, parents and children, farmers and small businesses, all of whom would have felt the sting of a shutdown,” wrote Chuck Schumer, the Democratic leader in the Senate, after the vote.

Read more here.

Articles You May Like

Police launch probe into claims Angela Rayner broke electoral law
Mortgage refinance demand surges even as rates cross back over 7%. Here’s why
$1 million homes are now ‘typical’ in a record number of U.S. cities, analysis finds. Here’s where they are
Inflation report sparks large UST selloff, munis outperform for now
Is Japan finally becoming a ‘normal’ economy?