• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

2 Great Deals in Aldi’s Aisle of Shame This Week

July 18, 2025

Afraid AI Will Take Your Job? Here’s What to Do (Instead of Panicking)

July 18, 2025

JPMorgan Chase CEO Jamie Dimon Shares Hobbies

July 18, 2025
Facebook Twitter Instagram
Trending
  • 2 Great Deals in Aldi’s Aisle of Shame This Week
  • Afraid AI Will Take Your Job? Here’s What to Do (Instead of Panicking)
  • JPMorgan Chase CEO Jamie Dimon Shares Hobbies
  • Elon Musk’s xAI Is Hiring Engineers With Salaries Up to $440K
  • Why Most Startups Fail to Get National Press — and What To Do Instead
  • ChatGPT Agent Creates Slide Decks, Spreadsheets From Prompts
  • When It Comes To Medicare Cards, What’s In Your Wallet?
  • Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)
Friday, July 18
Facebook Twitter Instagram
Indenta
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Indenta
Home » IRS Spared As House Passes Temporary Funding Bill
Taxes

IRS Spared As House Passes Temporary Funding Bill

News RoomBy News RoomNovember 15, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

That collective sigh you just heard? Despite weeks of posturing, the House passed legislation to keep the federal government’s lights on. The bill now moves to the Senate, days ahead of the deadline.

If it feels like deja vu all over again, you’re not wrong. Earlier this year, there were worries that the government would run out of money for the next fiscal year. The deadline at that time was Sept. 30, and without a compromise, the government would have shut down, meaning that all nonessential government functions would have stopped. However, a last-minute bill kicked the can down the road for another 90 days—that bill, framed as a continuing resolution, passed the House with a vote of 335-91.

Some on the Hill changed their vote for the latest short-term bill. The most recent count was 336-95, with ninety-three Republicans and two Democrats voting no—but that was enough. The bill was passed under a suspension of the rules, which means that only a two-thirds vote was required.

The House bill extends funding for government services at current spending levels. That means there were no spending cuts, including those targeted to the IRS. Earlier this year, House Speaker Mike Johnson (R-La.) introduced a supplemental appropriations package that would provide $14.3 billion in military assistance to Israel in exchange for slashing an equal amount of IRS funding.

The extensions are only temporary. Specifically, funds for military and veterans programs, agriculture and food agencies, as well the Departments of Transportation and Housing and Urban Development will now run out on Jan. 19, 2024. Money for the Department of State, as well as the Departments of Defense, Commerce, Labor, and Health and Human Services, will now run out on Feb. 2, 2024, unless additional measures pass.

The bill does not include funding for Israel and Ukraine, or money to shore up border security. Those issues—especially with the upcoming elections—were considered too charged to be considered in the current political climate. However, they will likely be significant discussion points next year.

With a few days to spare until the Nov. 17 deadline, the measure now moves to the Senate, where it is expected to pass. If it does, the White House has signaled that President Biden will sign the bill into law.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Building Housing Lowers Prices But “Supply Skeptics” Don’t Believe It

Taxes November 30, 2023

Options To Improve Child Tax Credit For Low-Income Families: An Update

Taxes November 29, 2023

The (Foreign) Gift That Keeps On Giving – IRS Penalties

Taxes November 28, 2023

IRS Doesn’t Need The Blocked Income Tax Regulations In Coca-Cola

Taxes November 27, 2023

Most Married Couples File Taxes Jointly With IRS, But Should You?

Taxes November 26, 2023

Which Trusts Save Taxes, Which Do Not, And Which Are Illegal?

Taxes November 24, 2023
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Afraid AI Will Take Your Job? Here’s What to Do (Instead of Panicking)

July 18, 20250 Views

JPMorgan Chase CEO Jamie Dimon Shares Hobbies

July 18, 20250 Views

Elon Musk’s xAI Is Hiring Engineers With Salaries Up to $440K

July 18, 20250 Views

Why Most Startups Fail to Get National Press — and What To Do Instead

July 18, 20250 Views
Don't Miss

ChatGPT Agent Creates Slide Decks, Spreadsheets From Prompts

By News RoomJuly 18, 2025

ChatGPT can now create a PowerPoint presentation or make purchases online for you — with…

When It Comes To Medicare Cards, What’s In Your Wallet?

July 17, 2025

Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)

July 17, 2025

25 Remote Jobs That Let You Set Your Own Schedule

July 17, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

2 Great Deals in Aldi’s Aisle of Shame This Week

July 18, 2025

Afraid AI Will Take Your Job? Here’s What to Do (Instead of Panicking)

July 18, 2025

JPMorgan Chase CEO Jamie Dimon Shares Hobbies

July 18, 2025
Most Popular

Mortgage rates fall for fifth straight week, lowest since mid-April

July 4, 202543 Views

Can the Self-Cleaning Feature Damage Your Oven?

July 6, 202528 Views

Amazon Prime Day Data, Biggest Online Sales Day of Year

July 10, 202526 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Inodebta. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.