The US has averted a potential government shutdown again. The House passed a stopgap funding bill that gives lawmakers until March to reach a longer term solution. The bill now goes to President Joe Biden, who is expected to sign it into law.

Yahoo Finance's Madison Mills and Josh Lipton report on the breaking story.

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Editor's note: This article was written by Stephanie Mikulich

Video Transcript

MADISON MILLS: Government shutdown will be averted. The house is in the process of voting on a stopgap bill to fund the government. The US House again clearing that vote, measure stopgap funding into March, to avert the shutdown. So Josh, this means that this will just, again, kick the can down the road. The House has voted to pass that stopgap funding but that vote continues to be ongoing here, and then they'll have to do this all again in March. But it is clearing that threshold a solid day early. I mean, this is a record for Congress here at least getting this done a day out when it comes to this spending bill and averting that potential government shutdown.

JOSH LIPTON: Yeah, we did have some folks though, some policy gurus, and I remember on the program leading up to this and getting their expectations, and some of them were expecting this. They were expecting that we would avert this partial government shutdown. In part because if you had the shutdown, really, everybody loses. America blames everybody. So no one wins. So why, why not kick it down rather than suffer a bad poll number, right?