President Biden signs stopgap funding bill into law, narrowly averting shutdown

The bill provides over $100 billion in disaster aid for those affected by storms Helene and Milton in the U.S. Southeast earlier this year. There was also a $10 billion provision for economic assistance to farmers in the bill. 

The Senate worked into early Saturday morning to pass the bill 85-11, just after the deadline following a chaotic week on Capitol Hill. 

"H.R. 10545, the 'American Relief Act, 2025,' which provides fiscal year 2025 appropriations to Federal agencies through March 14, 2025, for continuing projects and activities of the Federal Government; provides disaster relief appropriations and economic assistance to farmers; extends the Agriculture Improvement Act of 2018; and extends several expiring authorities," a White House statement reads. 

A bulging 1,547-page continuing resolution (CR) was thrown into disarray earlier in the week following objections by Elon Musk and President-elect Trump. A slimmed-down version was then rejected by House members on Thursday before the House approved Speaker Mike Johnson's new bill overwhelmingly by 366 votes to 34 on Friday.

White House Press Secretary Karine Jean-Pierre warned on Friday that a shutdown could have disrupted the incoming administration's presidential transition process.

Senate Majority Leader Chuck Schumer praised the passage of the funding legislation early Saturday.

Fox News' Julia Johnson and Elizabeth Elkind contributed to this report.