GO
Loading...

Congress set to pass stop-gap funding bill: Top Republican

House Majority Leader, Eric Cantor, R-VA.
Douglas Graham | CQ Roll Call | Getty Images
House Majority Leader, Eric Cantor, R-VA.

The U.S. House of Representatives next week will pass a stop-gap funding measure to prevent a government shutdown for three days as negotiators try to finalize a $1 trillion spending bill, Republican Majority Leader Eric Cantor said on Friday.

Cantor said the "continuing resolution" would keep the government open past a midnight Wednesday deadline through Saturday, January 18. This will allow more time for the spending bill to clear often lengthy procedural hurdles in the U.S. Senate.

"We hope that they will finish their business by January 18th," Cantor said on the House floor.

(Read more: Millionaires now have the majority in Congress)

Lawmakers have been trying to reach agreement on the massive funding bill by Jan. 15, when all government spending authority expires for military and domestic discretionary programs and federal agencies.

But negotiators on the measure, which sets thousands of budget line items from national parks to Pentagon weapons programs, still have a number of funding and policy issues to resolve that will likely take through this weekend.

"We're getting close, but not quite there yet," a House Republican aide said.

(Read more: Rubio: This is why lower-income workers are stuck)

House Appropriations Committee Chairman Harold Rogers hopes to complete the spending bill by Sunday night or Monday, the aide said.

The spending measure is needed as a follow-on to a two-year budget deal negotiated in December to provide some relief from automatic "sequester" spending cuts after a battle in October over a government shutdown.

Among issues that have caused difficulties for negotiators have been increased funding for implementation of "—" health insurance reforms and funds for heightened financial regulation activities under a reform law passed in 2010.

—By Reuters.

Contact Politics

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More