Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

US lawmakers release $1.7 trillion spending bill to avert shutdown

. (Getty Images via AFP)
  • The bill includes $858 billion in defense funding and will also provide $44.9 billion in emergency assistance for Ukraine.
  • It also includes $772.5 billion for non-defense discretionary programs, including $118.7 billion for Veterans Affairs medical care.

WASHINGTON, UNITED STATES – US lawmakers early Tuesday released the text of a US$1.7 trillion funding bill which Congress hopes to pass within days to avert a government shutdown.

The bill includes $858 billion in defense funding and will also provide $44.9 billion in emergency assistance for Ukraine.

It also includes $772.5 billion for non-defense discretionary programs, including $118.7 billion for Veterans Affairs medical care, a 22 percent increase, and provides $40.6 billion to help US communities hit by recent natural disasters such as hurricanes and floods.

“The pain of inflation on American families is real, and it is being felt right now across the federal government,” Senate Appropriations Chairman Patrick Leahy said in a statement announcing the release of the text of the appropriations bill.

“From funding for nutrition programs and housing assistance, to home energy costs and college affordability, our bipartisan, bicameral, omnibus appropriations bill directly invests in providing relief from the burden of inflation on the American people.”

The Senate and House Appropriations Committees released the text of the bill, which runs to 4,155 pages and covers spending through the end of fiscal 2023.

Congress last week adopted a short-term budget bill to avert a shutdown of federal services and give the Democratic and Republican parties a little more time to reach a compromise ahead of the December 23 deadline.

“The choice is clear. We can either do our jobs and fund the government, or we can abandon our responsibilities without a real path forward,” Leahy said.

“Passing this bipartisan, bicameral, omnibus appropriations bill is undoubtedly in the interest of the American people. It is the product of months of hard work and compromise,” the Democratic Vermont senator said.

“The House and the Senate should take up this bill and pass it without delay.”