Connect with us

Hi, what are you looking for?

Latest News

House GOP spending momentum sputters as long holiday break looms

Government funding is not on the menu for House lawmakers returning from their Thanksgiving district work period this week, even as the holiday schedule puts Congress in a time crunch to make a deal on federal spending.

The House is expected to hold several votes related to the Israel-Hamas conflict as well as the U.S. border crisis, according to a schedule obtained by Fox News Digital on Monday.

Not listed are the remaining five appropriations bills that House Republicans are aiming to pass out of 12 total. Similarly, there are no upcoming meetings or hearings on appropriations listed on the websites of the House Rules Committee and the House Appropriations Committee.

The House has been in recess since Nov. 17, returning on Tuesday afternoon. Lawmakers will be gone again from Dec. 15 until the new year.

Just before leaving, Congress passed a temporary extension of last year’s government funding levels, but with two separate deadlines: Passing appropriations bills concerning military construction and Veterans Affairs; Agriculture; Energy and Water; Transportation and Housing and Urban Development, by Jan. 19, while the remaining eight appropriations bills must be worked out by Feb. 2.

Before that, the Senate passed its own three spending bills in a joint ‘minibus’ and is potentially weighing a similar effort with the other nine.

And despite the solidarity shown by passing the extension to avoid a government shutdown, the two chambers are still far apart on a final deal.

The topline budgets the House and Senate have said they are expected to be working toward are about $120 billion apart. Conservative policy riders on issues like abortion and the LGBTQ community have also made the House GOP’s bills a nonstarter for the Democrat-controlled White House and Senate.

The lack of expected votes on appropriations this week comes after House leaders were forced to pull key spending bills from the schedule over the last month over opposition from both moderates and the GOP Conference’s right flank.

But House conservatives have made clear that the pressure is on GOP leaders to not only move forward with the appropriations process, but also fight for deep spending cuts along the way.

‘If the [House GOP] cannot 1) cut spending off of the massive Pelosi omnibus… 2) demand the U.S. border be secured before even mentioning the word Ukraine… & 3) make our military great again w/o social engineering… what’s the point of being in the majority?’ Rep. Chip Roy, R-Texas, wrote on X.

Rep. Nancy Mace, R-S.C., said on the platform, ‘Consistently high inflation is continuing to rage and hurt our economy. Washington must take these issues seriously by working together to cut wasteful government spending. Both parties created this mess, and we must work together to fix it.’

This post appeared first on FOX NEWS

You May Also Like

Stock

One hallmark of secular bull markets is rotation. When leading stocks, sectors, and industry groups falter, there needs to be others that grab the...

Economy

Euro index and yen index in search of support levels The euro index was under strong pressure yesterday at the 1050.0 level. The value...

Stock

Indices Analysis Summary Continuing from the previous article, the analysis of the various rankings for the indices shows that the data in the table...

Stock

Note to the reader: This is the twelfth in a series of articles I’m publishing here taken from my book, “Investing with the Trend.”...



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