White House on Government Shutdown


On Sep. 9, White House criticized impact of continuing resolution.


  • White House published fact sheet on continuing resolution (CR), potential shutdown.
  • Said House Republicans again not working across the aisle to do most basic job.
  • Not deliver for the American people by keeping the government open and providing emergency funding for disasters, wasting time with extreme policies and harmful CR.
  • Impact of Long-Term CR
  • Release criticizes House Republicans’ extreme long-term CR appropriations legislation.
  • Six-month CR would mean that communities waiting on much-needed disaster assistance would need to keep waiting, months after supplemental funding requested.
  • It would hurt small businesses and families trying to recover from recent disasters.
  • For example, SBA Disaster Loan Program likely to exhaust available assistance funding early in the new fiscal year, crippling the agency’s ability to provide much-needed help.
  • Delay would prevent communities impacted by 2023/2024 disasters from receiving urgently needed Community Development Block Grant-Disaster Recovery funding.
  • Cost to fix highways and bridges that have been damaged by disasters currently exceeds available Federal Highway Administration-Emergency Relief funds.
  • Six-month appropriations delay would delay completion of these critical projects.
  • Further criticizes CR as negatively impacting veterans, seniors, and small businesses.
  • Would move closer to devastating across-the-board cuts to education, veterans, the military, food assistance for mothers, babies, and low-income families; and more.
  • Sep. 25, 2024 White House Biden Statement
  • On Sep. 25, 2024, White House released statement from President Biden on the passage of the continuing resolution to fund the government through mid Dec. 2024.
  • President thanked members of both houses of Congress for the bipartisan agreement and urged Congress to pass full-year funding legislation by the end of the 2024 year.
  • Notes that the administration will oppose any cuts that would limit funding to the IRS.

Regulators White House
Entity Types CNSM; Corp; Muni
Reference PR, 9/25/2024; PR, 9/9/2024;
Functions Compliance; Financial; Legal; Operations; Treasury
Countries United States of America
Category Central Government
State
Products Corporate; Loan; Municipal
Regions Am
Rule Type Guidance
Rule Date 9/9/2024
Effective Date 9/25/2024
Rule Id 225447
Linked to N/A
Reg. Last Update 9/25/2024
Report Section US Stability

Last substantive update on 09/30/2024