Connect with us

Hi, what are you looking for?

Latest News

Congress grapples over pre-Christmas catch-all deal as government shutdown looms

Congressional leaders were still trading offers Sunday afternoon on a government funding patch attached to a disaster aid package and a slew of other priorities leaders hope to clear before year’s end.

Those negotiations between Speaker Mike Johnson, Senate Majority Leader Chuck Schumer and their leadership counterparts are down to the wire, ahead of a Friday night government shutdown deadline and Congress’ scheduled break for the holidays. Since the funding measure is expected to be the last major bill Congress passes this year, lawmakers have been eyeing it as a path to clearing several other major policy priorities, including a package to authorize expiring health care programs, a long-sought bipartisan deal to overhaul rules for permitting energy projects and a measure to restrict U.S. investments to China.

Negotiators had aimed to release bill text over the weekend of the measure that’s expected to set a new March funding deadline that pushes the current spending fight into the second Trump administration. But leaders reached an impasse on Saturday over billions of dollars in farm aid, prompting several House Republicans to vow opposition to the entire package if the assistance doesn’t make it into the final bill.

Because conservative House Republicans routinely oppose the procedural vote to tee up passage of funding bills, Johnson is expected to seek fast-track debate with a two-thirds bar for passage.

The legislation is likely to include tens of billions of dollars in assistance for communities recovering from disasters, including Hurricane Helene and Hurricane Milton, exposing lawmakers who vote “nay” to criticism for opposing disaster aid.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter Your Information Below To Receive 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

    Stock

    A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In a...

    Stock

    Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before its inaugural season. “Our players...

    Stock

    China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already tense trade relations between the two...

    Stock

    The Tokyo government plans to introduce a four-day workweek for its employees in an attempt to support young families and boost record-low fertility rates...

    Disclaimer: Financetimereport.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 Financetimereport.com