The U.S. Congress have passed a two-week spending bill that would fund government operations through March 18. The approval of the spending resolution, which cuts federal spending by $4 billion, averted a shutdown of government operations, which are currently funded by a continuing resolution that will expire March 4. The $4 billion in savings comes from cutting budgets of programs that the Obama administration has earmarked for reductions or elimination, the Washington Post reports.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.