Connect with us

Hi, what are you looking for?

Income Innovator HubIncome Innovator Hub

Investing

Congress barrels toward government shutdown deadlines with little progress so far

The clock is ticking yet again for congressional lawmakers to find a way to avoid a government shutdown.

House and Senate leaders came together in mid-January to pass a short-term extension of last year’s government spending levels, known as a continuing resolution (CR), to give themselves more time to hash out a deal for the remainder of fiscal year 2024.

It was the third CR passed since the previous fiscal year ended Sept. 30 and preserved funding for some agencies through March 1 and others through March 8.

The House left for an extended weekend Wednesday and is not due back until Tuesday. 

The Senate was in session last week but is expected to be on recess next week. That recess may be interrupted for work on a foreign aid package outside of the regular discretionary government spending debate.

As things stand now, the House and Senate are only expected to be in session at the same time for two more days this month.

One House GOP leadership aide said of the government spending fight, ‘We are doing nothing on that right now. Just fighting the battles in front of us.

‘At this point we had to know this was going to be the outcome. The floor is nearly impossible to navigate.’

A second senior House GOP aide said, ‘The fact that we haven’t passed any appropriations bills in months as we’re barreling toward another shutdown is beyond alarming

‘We know the deadline is in less than a month, but we’re governing like the deadline is years away. It’s the same self-inflicted wound over and over again. Standard operating procedure for this Congress.’

If they fail to either extend current funding levels or reach an agreement on new levels, the government could fall into a partial shutdown, with federal programs on pause and thousands of federal workers potentially furloughed. 

On the House side, Republicans have spent much of the last month on a push to impeach Homeland Security Secretary Alejandro Mayorkas over the border crisis, which culminated in a failed vote this week, though Speaker Mike Johnson, R-La., vowed to hold another attempt.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Latest News, And Articles.

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    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

    Editor's Pick

    Source: Ark Invest / Instagram ARK Investment Management, led by prominent investor Cathie Wood, has reduced its holdings in the Grayscale Bitcoin Trust (GBTC)...

    Latest News

    A super PAC that has overseen much of Ron DeSantis’s presidential operation has fired its CEO less than two weeks after the previous chief...

    Stock

    Popeyes is expanding its menu beyond chicken sandwiches — and it’s a permanent change this time. The fast-food chain announced Wednesday it’s adding five...

    Latest News

    WINDHAM, N.H. — It’s pouring rain Saturday morning as New Hampshire Gov. Chris Sununu (R) arrives at Mary Ann’s diner in Windham, fielding calls...

    Disclaimer: Incomeinnovatorhub.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 incomeinnovatorhub.com