Home Economy News US Congress makes last-minute bid to avert government shutdown

US Congress makes last-minute bid to avert government shutdown

by

US Congress makes last-minute bid to avert government shutdown By Reuters

Breaking News

‘;

Economy

Published Feb 29, 2024 06:07AM ET
Updated Feb 29, 2024 09:06AM ET

2/2
© Reuters. FILE PHOTO: U.S. Speaker of the House Mike Johnson (R-LA) makes a statement to members of the news media after meeting with President Joe Biden, Vice President Kamala Harris and other congressional leaders in the Oval Office at the White House in Washingt
2/2

By David Morgan

WASHINGTON (Reuters) – A divided and chaotic U.S. Congress will make a last-minute attempt to avert a partial government shutdown on Thursday, less than 48 hours before funding for some federal agencies is due to expire.

The Republican-controlled House of Representatives will hold an afternoon vote on a short-term stopgap measure that would extend by one week federal funding that expires at midnight on Friday (0500 GMT Saturday) and set a March 22 funding deadline for other government agencies.

Approval would send the measure on to the Democratic-led Senate, where the stopgap, known as a continuing resolution, or “CR,” would need to be adopted before President Joe Biden could sign it into law.

But the effort to get the measure through the House and Senate in time could face hurdles, especially in the Senate, where some hardline Republicans are expected to demand amendment votes in exchange for their consent to fast-track the bill.

The stopgap, the fourth needed to keep federal agencies open in the fiscal year that began Oct. 1, is intended to give the House and Senate time to pass 12 appropriations bills to fund the government through Sept. 30.

About two months have passed since Republican House Speaker Mike Johnson and Democratic Senate Majority Leader Chuck Schumer agreed on a $1.59 trillion discretionary spending level for the fiscal year. House and Senate leaders on Wednesday reached agreement on a slate of full-year appropriations bills to fill in the details.

Representative Tom Cole, a senior Republican appropriator, expected the stopgap to pass the House without difficulty.

“Congress has already voted not to shut down,” Cole told Reuters. “People want to keep working.”

But the CR already faces hardline opposition in the House and could need a majority of House Democratic votes for passage.

That could mean problems for Johnson, who has been pressured by hardline Republicans to use a shutdown as a bargaining chip to force Democrats to accept conservative policy riders.

Johnson, who has wielded the speaker’s gavel only since late October, is once again relying on a procedural move that will require substantial Democratic support to pass the CR, a tactic that could anger hardline conservatives.

“We’re doing what the Democrats want to do, so that it’ll pass the Senate and be signed by the White House. And that’s not a win for the American people,” said Representative Bob Good, chairman of the hardline House Freedom Caucus.

Another hardliner, Representative Marjorie Taylor Greene, noted on the social platform X that Thursday’s vote would mark the third CR under Johnson.

“It’s back to being the House of Hypocrites. What comes next?” the Georgia Republican said.

House passage would give the Senate less than two days to enact the measure and require Schumer, the top Democrat in Congress, to win an agreement from Senate Republicans to circumvent a web of parliamentary rules and procedural hurdles that could take a week to navigate.

Senator Rand Paul, a Republican maverick with a track record for delaying must-pass legislation before, said he and other hardliners could consent to such a deal if allowed to offer amendments to reduce spending and the federal debt.

“We won’t just say we’re going to roll over and let them continue to ruin the country,” Paul told Reuters.

Major ratings agencies say the repeated brinkmanship is taking a toll on the creditworthiness of a nation whose debt has surpassed $34 trillion.

US Congress makes last-minute bid to avert government shutdown

Our Apps



Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information

© 2007-2024 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Related News