Congressional leaders announce government funding deal

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Business, News

4.5 • 1.4K Ratings

🗓️ 19 March 2024

⏱️ 1 minutes

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Summary

The deal needs to be approved before a weekend shutdown deadline; European Union proposal would use profits from frozen Russian assets to help Ukraine; Wall Street bonuses averaged $177,000 last year, New York state says; Unilever to spin off ice cream business which includes Magnum, Ben & Jerry’s.

Transcript

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0:00.0	Congressional leaders have reached a deal to fund the government.
0:05.0	I'm Nova Safo with a Marketplace minute.
0:07.0	Republican Speaker of the House Mike Johnson and Democratic Senate Majority Leader Chuck Schumer announced the agreement for the current fiscal year,
0:15.0	which began nearly six months ago.
0:17.0	Congress has been using temporary authorizations to keep the government running ever since.
0:21.0	The deal still needs to be drafted into legislation. There's a
0:24.8	shutdown deadline this weekend. The European Union's Foreign Policy Chief is
0:29.2	proposing using income from some 200 billion dollars in frozen Russian investments to supply Ukraine with more weapons.
0:35.8	EU leaders are scheduled to meet later this week.
0:39.2	New York State authorities say bonuses on Wall Street last year averaged $177,000 a 2% decline from the year prior.
0:48.0	Unilever, the global consumer goods giant, is spinning off its ice cream business that includes Magnum and Ben and
0:54.5	Jerry's.
0:55.5	It's also cutting 7,500 jobs, Unilever's been under pressure to cut costs and boost profits.
1:01.5	I'm Novasafo with a marketplace

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