Connect with us

Hi, what are you looking for?

Latest News

What to expect as Republicans try to salvage spending package, avoid government shutdown

The revolt by conservatives and the sudden infusion into negotiations of President-elect Donald Trump, Vice President-elect JD Vance and Elon Musk has House Speaker Mike Johnson and others struggling to find a way out of their political cul-de-sac and avoiding a government shutdown at 12:00:01 a.m. ET Saturday.

Fox News is told that Trump’s unexpected demand to tackle the debt ceiling in this package has complicated matters exponentially. Many conservatives won’t vote for any debt ceiling increase. And Democrats are balking because Republicans reneged on the deal.

Democrats have bailed out majority Republicans on every major fiscal bill this Congress. They appear to be done with helping Republicans.

Moreover, there may not be enough time to avoid a shutdown, especially if a new bill is to be produced – and conservatives demand that it lay fallow for three days before voting.

That does not even address getting it through the Senate.

Many members with whom Fox News spoke Wednessday night are now resigned to a very high chance of a government shutdown – perhaps one which bleeds through Christmas. There simply isn’t a combination of votes that unlocks this puzzle yet.

Congress also hasn’t addressed disaster aid. Some conservatives are opposed to that for North Carolina and Florida without offsets. The fate of assistance after Hurricanes Helene and Milton is now in serious limbo.

This post appeared first on FOX NEWS

You May Also Like

Latest News

President Biden is asking Congress to approve nearly $100 billion in emergency funding to aid recovery efforts for the recent deadly storms that ravaged...

Latest News

Activists on Saturday demanded that the state of California pay millions of dollars to each Black resident in reparations as a way to make...

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...

Latest News

Vice President Kamala Harris spent a whopping $1.5 billion during her 15-week campaign that ended in defeat to President-elect Donald Trump, including burning through...



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