WASHINGTON — Lawmakers early Thursday approved a stopgap measure that would fund the federal government at current levels until Dec. 3, before breaking for an election recess. Their action sets the stage for a lame-duck session during which municipal market participants hope they will take up legislation to extend Build America Bonds and other expiring or expired bond-related programs authorized by the stimulus law.

Work on the continuing resolution continued late into Wednesday night before it was passed by both the House and Senate just after midnight. The House approved the bill by 228 to 194 after the Senate passed it 69 to 30.

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