The federal government moved another day closer to a brief weekend shutdown with congressional Democrats and Republicans still struggling for agreement to pass a stopgap funding bill before Friday's deadline.

Senate leaders in both parties also haven't fully turned back a threat by a group of conservative Republicans to tie up the vote on a temporary government funding measure over their objections to federal Covid-19 vaccine and testing mandates.

Senate Majority Leader Chuck Schumer and his Republican counterpart, Mitch McConnell, gave repeated assurances throughout the day on Wednesday that negotiations were making progress and a deal was near. "I think we're going to be OK," McConnell told reporters.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.