Connect with us

Hi, what are you looking for?

Income Innovator HubIncome Innovator Hub

Investing

Congress one step closer to avoiding government shutdown after bill passes House

Congress took a significant step toward averting an end-of-month partial government shutdown just weeks before Election Day.

In a victory for Speaker Mike Johnson, R-La., a majority of Republicans voted for the measure – it passed 341 to 82, with 132 House GOP lawmakers in favor. All the 82 ‘no’ votes were Republicans.

Faced with an Oct. 1 deadline and little bipartisan progress on fiscal year 2025 spending priorities, the House of Representatives on Wednesday passed a short-term extension of the current fiscal year’s federal funding levels to keep the government open through Dec. 20.

The measure, known as a continuing resolution (CR), gained wide bipartisan support – though more Democrats voted for it than Republicans, as expected.

A large contingent of Republicans, still angry with House GOP leaders for passing last year’s federal funding bills in two large segments rather than forcing the Democrat-held Senate to consider 12 appropriations bills individually, were always likely to vote against extending those measures.

The federal funding debate has been a lightening rod for political drama, particularly during the 118th Congress. Last year’s government funding stand-off precipitated the ouster of Johnson’s predecessor by a group of House Republicans.

Fiscal conservatives are frustrated about punting that fight into December, arguing it puts the House GOP majority in the position of being forced to reckon with a massive ‘omnibus’ spending bill right before the end-of-year holidays rather than work through their 12 individual appropriations bills.

‘I’ve said this in public forum – we are condemned to a Christmas lame-duck omnibus,’ Rep. Keith Self, R-Texas, told Fox News Digital on Tuesday.

House Freedom Caucus member Rep. Ralph Norman, R-S.C., said, ‘I think that’s the preview of coming attractions, unfortunately.’

But Johnson swore both in public and private that the House would not take up an omnibus in December.

‘There won’t be a Christmas omnibus. Somebody asked me in the hallway a little while ago, ‘Will there be mini-buses?’ We don’t want any buses. We’re not going to do any buses.’

Allies of former President Trump, meanwhile, have called for a CR into the new year in the hopes he will win the White House and carry Congress along with him.

House GOP leadership staff suggested to Fox News Digital over the weekend that it’s more likely Johnson will aim for a CR to do just that in December rather than consider an omnibus.

That would line up with his original plan for a more conservative CR – one that offered a six-month funding extension into March and was coupled with a measure to prevent noncitizens from registering to vote in U.S. elections.

The initial plan failed after a rebellion by 14 Republicans. Some defense hawks worried about the effect of a six-month CR on military readiness, while a group of fiscal conservatives balked at the principle of the CR itself.

The new plan is a more straightforward funding extension, though it adds $231 million for the U.S. Secret Service after two foiled assassination attempts against Trump.

And while the Democrat-led White House and Senate were both poised to reject Johnson’s initial CR, President Biden and Majority Leader Chuck Schumer, D-N.Y., have signaled they’re supportive of the recent deal.

The bill is expected to be considered in the Senate on Thursday, after which it heads to the White House for Biden’s signature. 

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...

    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...

    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...

    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