• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy House recesses with just 2 days to solve government shutdown standoff
Economy

House recesses with just 2 days to solve government shutdown standoff

by February 17, 2024
by February 17, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

The House of Representatives has just two more days in session before the first of Congress’ two government shutdown deadlines, putting lawmakers on a critically short timeline to reach a bipartisan deal.

House lawmakers ended their week on Thursday afternoon after leaders called off votes scheduled for Friday. 

Unless members have caucus or committee work to attend to, they are largely not expected back on Capitol Hill until Feb. 28 – two days before the March 1 deadline to fund some government agencies.

The remaining agencies must be funded by March 8.

‘We think we’re going to meet the deadlines,’ House Speaker Mike Johnson told reporters on Wednesday when asked about the appropriations process.

He previously passed two short-term extensions of the previous year’s government funding agreement, known as continuing resolutions. Congress has passed three overall to keep the government open past the original Sept. 30 fiscal year deadline.

However, the spending fight has been a particularly divisive battle for Johnson’s thin House GOP majority, and it likely will not get easier. 

Last month, he and Senate Majority Leader Chuck Schumer, D-N.Y., announced an agreement to set a discretionary spending topline of $1.59 trillion for the next fiscal year but would also honor an earlier side-deal of an added $69 billion. 

Johnson said he secured an extra $16 billion in cuts for this fiscal year to offset some of that.

However, GOP hardliners, including those in the House Freedom Caucus, have said they will not support anything above a total topline funding amount of $1.59 trillion. 

They have forced House floor proceedings to a grinding halt on multiple occasions by deliberately sinking their own party’s measures in protest of the bipartisan agreement.

The division, and his three-seat majority, will mean Johnson almost certainly needs to seek Democratic support in the House, even before reckoning with the liberal-held Senate.

Meanwhile, President Biden blasted House members on Friday for taking a two-week recess without bringing a $95 billion national security supplemental package to assist Ukraine, Israel and the Indo-Pacific to a vote, after it recently passed in the Senate.

This post appeared first on FOX NEWS
You Might Also Like
  • Did Biden call UK PM Sunak ‘prejudiced’? White House pressed on comments on state puberty blocker bans
  • Biden calls Russia prisoner swap deal that freed WSJ’s Gershkovich, Whelan a ‘feat of diplomacy’
  • Biden challenger Dean Phillips faces FEC complaint lodged by left-wing group
  • Oil and Natural Gas: Natural Gas under pressure EMA 200
Share
0
FacebookTwitterPinterestWhatsapp

previous post
AI security infrastructure needed after ‘malicious’ foreign actors use OpenAI to train operatives, expert says
next post
There Remain A Lot Of Mixed Signals, But One Bullish Signal That We Cannot Ignore

You may also like

RNC to launch campaign pushing Republicans to vote early in...

June 7, 2023

Is our fiercely tribal politics just a distortion of reality?

April 11, 2024

NY House Republicans demand Columbia University president step down over...

April 24, 2024

Beware of Biden’s Israel, Ukraine blank check request

October 25, 2023

Russian special unit linked to Havana Syndrome that sickened US...

April 2, 2024

Biden says Palestinians ‘deserve a state of their own’ in...

November 19, 2023

Biden-Harris administration using taxpayer money to mask Medicare premium hikes...

August 14, 2024

McCarthy ally calls Gaetz an ‘a–hole’ as tensions between Republicans...

October 4, 2023

Trump mocks RFK Jr for not making debate stage: ‘Maybe...

June 21, 2024

GOP rebels admit defeat in short-term spending fight as Johnson...

January 18, 2024

    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

    Marjorie Taylor Greene to bring resolution...

    October 24, 2023

    Michigan GOP lawmakers urge DeSantis to...

    January 18, 2023

    Chip Roy unveils bill to let...

    March 6, 2024
    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