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President Biden signed a funding measure on Friday that was agreed upon by congressional leaders and passed in both the House and Senate, once again averting a government shutdown. 

Biden signed H.R. 7463, a funding bill titled "Extension of Continuing Appropriations and Other Matters Act, 2024," which extends the March 1 funding deadline for the first slate of appropriations bills by one week, pushing it to March 8. 

Those bills will head to the House and Senate for votes in the next week. 

SENATE PASSES SHORT-TERM FUNDING BILL TO AVERT PARTIAL GOVERNMENT SHUTDOWN

Biden in the Oval Office

President Joe Biden in the Oval Office of the White House in Washington, D.C., on Friday, March 1, 2024. (Chris Kleponis/CNP/Bloomberg via Getty Images)

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The funding bill also moves the second deadline for a second slate of bills to March 22. 

However, the second group of appropriations measures still need to be finalized and agreed upon before heading to the floor for votes. 

Biden speaking in Texas

President Joe Biden delivers remarks during a visit to the southern border in Brownsville, Texas, as Secretary of Homeland Security Alejandro Mayorkas, looks on.  (AP Photo/Evan Vucci)

"We are in agreement that Congress must work in a bipartisan manner to fund our government," House Speaker Mike Johnson R-La., Senate Majority Leader Chuck Schumer, D-N.Y., Senate Minority Leader Mitch McConnell, R-Ky., and House Minority Leader Hakeem Jeffries D-N.Y., said in a joint statement on Wednesday, along with House Appropriations Committee Chair Kay Granger, R-Texas, House Appropriations Committee Ranking Member Rosa DeLauro, D-Conn., Senate Appropriations Committee Chair Patty Murray, D-Wash., and Senate Appropriations Committee Vice Chair Susan Collins, R-Maine.

Mike Johnson, Mitch McConnell, Chuck Schumer, Hakeem Jeffries

From left to right: House Speaker Mike Johnson, R-La., Senate Minority Leader Mitch McConnell, R-Ky., Senate Majority Leader Chuck Schumer, D-N.Y., House Minority Leader Hakeem Jeffries, D-N.Y. (Getty Images)

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The stopgap bill is the fourth such measure enacted to avoid a government shutdown since the original September 30 deadline for appropriations bills.