House Speaker Mike Johnson proposed a 99-page stopgap bill to maintain government operations until September, needing Congressional approval by Friday to prevent a government shutdown. While Republicans aim to advance a separate budget bill for extending tax cuts, top Democratic lawmakers oppose this plan. In Canada, Mark Carney, a former central banker, was elected leader of the Liberal Party and is set to replace Justin Trudeau as prime minister amid economic difficulties and trade tensions with the U.S. Carney's experience may be essential as Canada must hold a general election by the end of October.
House Speaker Mike Johnson unveiled a 99-page stopgap bill over the weekend to keep the federal government running through September. Congress must approve a bill by Friday or face another government shutdown.
Republicans are more focused on passing a budget bill to extend President Trump's tax cuts rather than unifying to pass all 12 annual spending bills, according to NPR's Susan Davis.
Mark Carney won the leadership contest for Canada's Liberal Party, expected to bring his international experience to tackle economic challenges while navigating the U.S. trade policies.
Carney's past as a former Canadian central banker and his work on Wall Street is seen as critical for his upcoming challenges as prime minister.
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