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FT News Briefing

McCarthy avoids US government shutdown

Oct 2, 2023
09:41
Snipd AI
US lawmakers avoid government shutdown, Slovakia's election adds pressure to EU's unity on war in Ukraine, Brazil's oil exploration and green ambitions discussed, challenges in transitioning to clean energy and issues faced by brickmakers explored.
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Quick takeaways

  • US lawmakers reached a last-minute agreement to fund the government for the next 45 days, avoiding a costly shutdown, but faced internal turmoil as 90 Republicans rebelled against Speaker Kevin McCarthy.
  • Brazil aims to balance its green ambitions with increased oil exploration near the Amazon rainforest, highlighting the challenges of transitioning to cleaner fuel sources while also funding social programs and poverty reduction efforts.

Deep dives

Temporary funding deal reached to avoid government shutdown

US lawmakers reached a last-minute agreement to fund the government for the next 45 days, avoiding a costly government shutdown. House Republicans initially pushed for steep budget cuts but ultimately agreed to maintain funding at current levels. Notably, additional funding for Ukraine was absent from the package. The compromise deal passed, but 90 Republicans rebelled against Speaker Kevin McCarthy, indicating potential leadership challenges.

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