Connect with us

Hi, what are you looking for?

Latest News

Trump says any shutdown ‘is a Biden problem to solve’

President-elect Donald Trump worked Friday morning to foist the blame for any potential government shutdown onto the current White House, insisting that the funding fight on Capitol Hill “is a Biden problem to solve.”

Lawmakers had seemed on track earlier this week to fund the government with time to spare, settling on a bipartisan stopgap spending bill, known as a continuing resolution or CR, that would extend government spending into March and included a lot of add-ons to appease Democrats and others. But that plan quickly drew the ire of Trump ally Elon Musk, followed by the president-elect and Vice President-elect JD Vance, tanking that bill. Still, with government funding set to run out at midnight on Friday, Trump insisted that it is President Joe Biden who should be held responsible for any shutdown. “If there is going to be a shutdown of government, let it begin now, under the Biden Administration, not after January 20th, under ‘TRUMP,’” the president-elect wrote on Truth Social. “This is a Biden problem to solve, but if Republicans can help solve it, they will!”

Of particular interest to Trump amid the ongoing spending negotiations is an increase, or outright removal, of the government’s debt limit. The president-elect has insisted that any funding package include such a provision, an especially tough pill to swallow for conservatives who have for years forced painful debt limit fights on Capitol Hill.

“Congress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling,” Trump wrote on Truth Social just after 1 a.m. Friday morning. “Without this, we should never make a deal. Remember, the pressure is on whoever is President.”

Lawmakers have so far struck out on legislation that would meet Trump’s demands. A hastily brokered deal to fund the government and extend the debt limit collapsed on the House floor — with 38 Republican defectors — Thursday night. Speaker Mike Johnson worked through the night Thursday into Friday on a “Plan C” after ditching the original bipartisan deal and failing to pass the new bill on the House floor. Johnson and Trump are both weighing the pros and cons of a government shutdown.

Speaking to reporters, Johnson said the House will vote on a funding bill Friday morning.

“We’re expecting votes this morning. So y’all stay tuned. We’ve got a plan,” he said. Asked if they had reached a new agreement, he added: “We’ll see.”

Johnson is balancing Trump’s demands with the reality that any deal will require Democratic support in both the House and the Democratic-controlled Senate. Senate Majority Leader Chuck Schumer is asking to return to the original bipartisan deal that Trump and Musk killed.

“It’s a good thing the bill failed in the House, and now it’s time to go back to the bipartisan agreement we came to,” Schumer said Thursday.

Like Trump, Vance is already working on shutdown messaging, telling reporters Thursday that Democrats are to blame for the looming shutdown. “They’ve asked for a shutdown and I think that’s exactly what they’re going to get,” he told reporters.

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

    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...

    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...

    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