In a surprise turnabout following several days when a shutdown seemed all but inevitable, Congress acted swiftly Saturday to avert a government funding gap and push Washington’s spending fights until later this fall.
Business leaders have been worried about the economic damage that could follow a protracted shutdown, with some quickly celebrating the news. “I tried every possible way” to negotiate with far-right Republicans, McCarthy said during a press conference Saturday adding that in the end “I wanted to be part of a conservative group that gets things done.”
The leaders of the House Transportation Committee - Reps. Sam Graves and Rick Larsen issued a statement saying the deal was "vital to ensuring the safe and efficient operation of America’s aviation system" but underlining that a long term authorization for the FAA would also be needed.
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Congress running out of time to avert a shutdown, UAW expands strike: Yahoo Finance LiveInvestors are bracing for a shutdown as Congress attempts to reach a deal with just a little over a day remaining. Meanwhile, the UAW is expanding its strikes against Ford (F) and General Motors (GM). Stellantis (STLA) was spared due to progress being made in negotiations. Shares of Carnival (CCL) are falling despite reporting record revenue. Carnival CEO Josh Weinstein will discuss the results at 3:35 p.m. ET. Other trending tickers include Walgreens Boots Alliance (WBA), Blue Apron (APRN), and Duolingo (DUOL).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Callie Cox, eToro USA Investment Analyst3:35 p.m. ET - Josh Weinstein, Carnival Corporation CEO, President, & Chief Climate Officer3:50 p.m. ET - Eric Hansotia, Agco Corporation CE)4:00 p.m. ET - Steve Rattner, Willett Advisors Chairman and CEO, Fmr. Head Of Obama Auto Task Force4:15 p.m. ET - Zeke Faux, 'Number Go Up' author, Bloomberg Reporter
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