Connect with us

Hi, what are you looking for?

Latest News

Schumer says ‘good night for American people’ after Senate passes bill averting government shutdown

The Senate passed a continuing resolution (CR) late Wednesday night to fund federal agencies into early next year, temporarily averting a government shutdown just before the holiday season.

The bill passed by a vote of 87-11, with 10 Republicans and only one Democrat voting no. GOP Sens. John Cornyn and Tim Scott were absent for the vote. The House of Representatives passed the CR on Tuesday by an overwhelming majority of 336-95.

Senate Majority Leader Chuck Schumer, D-N.Y., described Wednesday as ‘a very, very good night for the American people’ before announcing a government shutdown has been avoided, which he credited to ‘bipartisan cooperation.’

‘Obviously, the Republican-led House needed Democratic votes to avoid a shutdown, and I was pleased to see that the speaker was willing to work with Democrats and resisted the siren song of the hard right in the House,’ Schumer said to reporters Wednesday. ‘And if that continues, we can avoid further shutdowns and finish the work of funding the government.’

In his remarks after the bill’s passing, Schumer was referring to the plan proposed by newly elected House Speaker Mike Johnson, R-La., on Saturday that was ultimately supported by Republicans and Democrats.

Johnson suggested creating two separate deadlines for funding different parts of the government in an effort to prevent Congress from lumping all 12 spending bills into a massive ‘omnibus’ package.

Bills concerning military construction and Veterans Affairs; Agriculture; Energy and Water; Transportation and Housing and Urban Development must be worked out by Jan. 19 while the remaining eight appropriations bills must be decided upon by Feb. 2.

‘The innovative two-step approach takes Washington’s preferred Christmas omnibus monstrosity off the table, shifts the government funding paradigm moving forward, and enhances [House Republicans’] ability to rein in the Biden administration’s failed policies and government spending,’ Johnson said after the CR passed the House on Tuesday. ‘We also are better positioned in the upcoming supplemental debate to demand Border Security, ensure oversight of Ukraine aid, and support our cherished ally, Israel.’

Senate Majority Whip Dick Durbin, D-Ill., who is on the Senate Appropriations Committee, also applauded the bipartisan effort to keep the government from shutting down right before the holiday season.

‘Funding the government is one of the essential parts of this job, and tonight, the Senate came together in a good-faith effort to pass the bipartisan House CR,’ Durbin said. ‘We’re keeping the lights on through the holidays and fulfilling our basic duties to ensure thousands of hardworking Americans and service men and women will not be forced to work without pay during what should be a joyous time of year.’

House and Senate leaders agreed another short-term extension was needed to determine the government’s spending priorities for the 2023 fiscal year in order to meet the deadline of midnight on Friday.

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    The Bank of England reduced interest rates by 25 basis points on Thursday, even as Labour’s expansive budget announcement complicates the prospects for future...

    Investing

    Fox Corp (NASDAQ: FOX) just slid into the red following an announcement that Tucker Carlson – its right-wing primetime host is quitting Fox News...

    Investing

    Coca-Cola Co (NYSE: KO) is trading slightly up this morning after the beverage giant reported market-beating results for its fiscal first quarter. Coca-Cola stock...

    Economy

    BlockSpan ICO: Accelerating NFT Innovation with Confidence The BlockSpan ICO aims to revolutionize the NFT space. To achieve that goal, it will provide an...



    Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Frequencytraders.com