• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Congress faces steep climb to avoid government shutdown less than two weeks away
Economy

Congress faces steep climb to avoid government shutdown less than two weeks away

by November 4, 2023
by November 4, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Concerns about a partial government shutdown are growing more realistic as Congress finishes another week just as far apart on federal spending as they were at the beginning of the fiscal year on Oct. 1.

Lawmakers narrowly avoided shutting down the government on Sept. 30 when the House and Senate both rushed to pass a temporary extension of the previous year’s funding priorities, known as a continuing resolution (CR). That measure expires Nov. 17.

Each chamber of Congress took steps to advance government funding in its own way. The House passed two more appropriations bills for a total of seven out of 12 done, while the Senate passed its first three in a combined ‘minibus’ bill.

But that’s where the problems are expected to begin. The Senate and House are at least $120 billion apart in how much they want to spend on government funding as a whole. 

The upper chamber is working toward a topline set in the bipartisan deal to raise the debt limit earlier this year. House conservatives, meanwhile, have pushed their chamber for deeper cuts. 

Moreover, House Speaker Mike Johnson, R-La., told Fox News Digital last week that the House and Senate would be at an ‘impasse’ if Majority Leader Chuck Schumer, D-N.Y., pushed the House to take up his minibuses or an omnibus with all 12 bills. 

There is little chance of the two chambers coming to an agreement by Nov. 17, meaning a new CR will likely be needed. 

Johnson suggested a ‘laddered’ CR approach might be needed. When Congress passes one of its 12 spending bills, agencies and departments covered by that bill would be funded at that new level. Until then, they would remain at the previous year’s spending levels. 

Rep. Chip Roy, R-Texas, explained when asked by Fox News Digital on Friday, ‘What we really mean is, have certain elements expire at a certain date, certain elements expire at a different date.’

‘The reason is trying to force action in this time, right? If we just kick the can down the road and we do a CR to — pick a number, March 31, or something — what the hell do you think these guys are going to do? They’re going to sit around and not do stuff. And they’ll wait until March 20 and try to do pressure politics,’ Roy said. 

House Minority Leader Hakeem Jeffries, D-N.Y., tore into the idea at a Friday press conference. 

‘This notion of a so-called laddered CR… the novelty of my friends on the other side of the aisle in terms of how they come up with language that disguise their intention,’ Jeffries said. ‘Translation, they want to shut the government down because many of my Republican colleagues fundamentally do not believe in a functional federal government.’

But lawmakers on both sides of the aisle told Fox News Digital they were optimistic that Congress would again avoid a shutdown. 

‘I’m optimistic that we’re not going to; I think that the public will blame Republicans. In my time here, they’ve always blamed Republicans for the government shutting down,’ said Rep. Richard Neal, D-Mass., the top Democrat on the House Ways & Means Committee. ‘And I think Republicans that have been here for a while, they know that.’

Main Street Caucus Vice Chair Stephanie Bice, R-Okla., said Congress would avoid a shutdown because the House GOP ‘is looking at putting something together that will avoid that, but also achieve some of the objectives that we’ve been looking at as a conference, including reducing spending.’

Elizabeth Elkind is a reporter for Fox News Digital focused on Congress as well as the intersection of Artificial Intelligence and politics. Previous digital bylines seen at Daily Mail and CBS News.

Follow on Twitter at @liz_elkind and send tips to elizabeth.elkind@fox.com

This post appeared first on FOX NEWS
You Might Also Like
  • Can Harris use Biden’s campaign funds? And is she eligible to appear on general election ballot?
  • In strange game of politics, both Trump and Biden’s fortunes changed after assassination attempt
  • Trump super PAC touts massive May fundraising, plans major ad blitz in battlegrounds
  • Russian forces bring down Ukrainian drone, munitions explode and set Klintsy oil depot ablaze
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Trading the QQQ in Three Time Frames
next post
Who will Win the Battle for the 200-day SMA?

You may also like

Black Lives Matter at School Week of Action kicks off...

February 7, 2023

Attempt to bar Trump from 2024 ballot gains steam despite...

September 4, 2023

Hunter Biden laid out ‘price of power’ in texts with...

August 3, 2023

Republican Gov. Chris Sununu issues bold prediction about Trump’s 2024...

February 6, 2023

Hong Kong puts bounties on pro-democracy activists, including American citizen,...

December 15, 2023

House Oversight chair: China has ‘massive spy ring’ in US,...

February 13, 2023

Trump warns that if he loses presidential immunity, so will...

April 20, 2024

Interactive Brokers Expands Crypto Services in 2024

October 18, 2024

White House says commitment to Israel ‘ironclad,’ despite report of...

May 8, 2024

Evidence that Economic Freedom Improves Outcomes

January 16, 2023

    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.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.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 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Texas House advances bill to ban...

    May 20, 2023

    Jeffries and the Democrats are sitting...

    October 21, 2023

    Six Ways Socialism is Anti-Social

    December 10, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here