Stopgap funding bill passes key Senate vote
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2025
0mins
Source: SeekingAlpha
Senate Spending Bill Advances: The Senate voted 62-38 to advance a spending bill that funds the federal government until the end of September, preventing a potential shutdown. Ten Democrats, including Minority Leader Chuck Schumer, supported the bill despite reservations.
Budget Changes Included: The bill proposes a $6 billion increase in defense spending while cutting nondefense spending by $13 billion, along with additional funding for Immigration and Customs Enforcement and significant cuts to IRS enforcement.
Analyst Views on SCHO
Wall Street analysts forecast SCHO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCHO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 24.360
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Current: 24.360
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
