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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisoner. Congress has passed a temporary spending bill to

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Speaker 1: avert a partial US government shutdown this weekend. The interim

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Speaker 1: measure would finance some US agencies through March first, and

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Speaker 1: others through March eighth. Those agencies were set to run

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Speaker 1: out of money after Friday. Here's Bloomberg's Kaylee lines, this.

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Speaker 2: Does kick the can down the road for a third time.

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Speaker 2: And when we get to March, if the appropriations process

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Speaker 2: is not figured out at that time, we will be

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Speaker 2: halfway through the fiscal year that this budget is supposed

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Speaker 2: to be addressing, and it'll be right around the time

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Speaker 2: that this funding expires that President Biden is set to

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Speaker 2: deliver to Congress his budget proposal for the next fiscal year.

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Speaker 2: That is just how broken this appropriations process has become.

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Speaker 1: Now, the House voted to pass this short term funding

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Speaker 1: just hours after the Senate approved it. The legislation will

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Speaker 1: now be sent to the White House and President Biden

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Speaker 1: will sign it. The European Union is set to sign

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Speaker 1: off on sanctions targeting Hamas as soon as Monday. These

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Speaker 1: sanctions are in retaliation to the militant group's attacks on Israel.

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Speaker 1: The EU has been looking to add additional measures following

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Speaker 1: the attacks against Israel on October seventh. The move would

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Speaker 1: align the EU closer with steps already taken by the US,

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Speaker 1: and at the same time Prime Minister Benjamin Netnia who

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Speaker 1: says Israel will insist on security control over the West

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Speaker 1: Bank and the Gaza Strip in the foreseeable future after

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Speaker 1: the war. Netnyah, who is rejecting the notion of rule

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Speaker 1: by the Palestinian authority despite the calls to do so

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Speaker 1: from the US. The US is going ahead with attacks

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Speaker 1: on Huthi military installations in Yemen. That story from Bloomberg

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Speaker 1: Zed Baxter.

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Speaker 3: The White House says it is the least bad option,

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Speaker 3: that it won't stop Houthi attacks in the Red Sea,

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Speaker 3: but can cut down on Houthi capabilities. Pentagon spokes to

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Speaker 3: when Sabrina Singh says the US is not at war,

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Speaker 3: this is limited.

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Speaker 2: Destroy missiles that could be launched, and that we're preparing

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Speaker 2: to launch either towards US Navy ships that are in

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Speaker 2: the region, that are in that waterway or other commercial vessels.

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Speaker 3: The who they say the two are indeed indirect conflict

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Speaker 3: and will not stop the attacks at Baxter Bloomberg Radio.

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Speaker 1: North Korea is claiming it conducted an important missile test

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Speaker 1: of an underwater nuclear weapons system. North Korea is saying

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Speaker 1: the weapon system is under development to respond to recent

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Speaker 1: joint naval drills from South Korea, the US, and Japan.

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Speaker 1: A SpaceX rocket blasted off Thursday. It's carrying the first

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Speaker 1: all European commercial crew. The destination is the International Space Station.

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Speaker 1: This is a landmark mission for the EU. The block

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Speaker 1: is looking to mount a comeback following a series of setbacks.

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Speaker 1: The crew is expected to dock at the Orbiting Research Laboratory,

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Speaker 1: some two hundred and fifty miles above Earth. That will

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Speaker 1: happen on January twentieth. Spirit Airlines says it has no

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Speaker 1: plans for a restructuring and the discount carrier is now

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Speaker 1: taking a hard look at its balance sheet. This following

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Speaker 1: the collapse of a planned sale to Jet Blue Airways.

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Speaker 1: Here's Bloomberg's Chester Dawson.

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Speaker 4: They have not said much more beyond what they had

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Speaker 4: previously outlined in terms of efforts to, for example, ground

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Speaker 4: parts of its fleet, delay the ontake of some airplanes,

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Speaker 4: and other measures You know, perhaps involving its stet load.

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Speaker 4: So it's a little vague exactly what that means. Typically,

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Speaker 4: when you hear that language, you do think about drastic

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Speaker 4: cost cuts, including job reductions. If they're thinking that, they're

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Speaker 4: not saying so publicly, yes.

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Speaker 1: That is Bloomberg's Chester Dawson. Now Shares and Spirit have

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Speaker 1: been in a tail spin since the merger with Jet

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Speaker 1: Blue was blocked. They have lost about sixty percent over

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Speaker 1: the past three days. Today, Spirit was down seven percent.

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Speaker 1: US regulators are planning to require banks to tap the

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Speaker 1: Fed's discount window at least once a year. The aim

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Speaker 1: is to reduce the stigma of borrowing from the window.

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Speaker 1: In the past, borrowing had been construed as a sign

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Speaker 1: of weakness. At the same time, requiring banks to use

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Speaker 1: the window once a year would insure banks are ready

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Speaker 1: for troubled times. Bloomberg's Katanka Johnson breaks down how this

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Speaker 1: might play out.

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Speaker 5: It's very clear if regulators, including the OCC, the FED,

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Speaker 5: and the FDIC really want to make the disco window

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Speaker 5: more attractive by requiring them not just to tap the

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Speaker 5: window once a year to make it easier. Somewhat of

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Speaker 5: a fire drill. Who told me, but also to focus

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Speaker 5: on what plans or preparations for accessing it could be

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Speaker 5: or could mean. Regulars really want to see a number

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Speaker 5: of changes to how banks think about the disco window,

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Speaker 5: but liquidity in general.

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Speaker 1: That is Bloomberg's Katanga Johnson. And that is news when

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Speaker 1: you want it with Bloomberg News Now. I'm Doug Chrisner.

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Speaker 1: This is Bloomberg