U.S. House of Representatives Republicans are due to unveil a stopgap measure on Saturday aimed at averting a government shutdown, the latest in a series of standoffs that contributed to Moody's lowering its outlook on the nation's credit. The move to change its outlook to "negative" from "stable" by the last major credit ratings agency to maintain a top "AAA" rating on the U.S. government came six months after Congress brought the nation to the brink of default on $31.4 trillion in debt, and just a week before federal agencies will run out of money without congressional action. Newly installed House Speaker Mike Johnson, the top Republican in Congress, has spent the past several days discussing options with his slim 221-212 House majority, including how long to extend stopgap funding while lawmakers negotiate spending legislation for the 2024 fiscal year that runs through Sept. 30.
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