Connect with us

Hi, what are you looking for?

Latest News

Johnson unveils new plan to avoid shutdown amid tension in GOP, scraps Trump-backed election measure

Speaker Mike Johnson, R-La., is unveiling a new plan for avoiding a partial government shutdown on Sunday after a House GOP rebellion derailed a more conservative measure last week.

House leaders are aiming for a vote this week on a short-term extension of the current year’s government funding levels, called a continuing resolution (CR), to give congressional negotiators more time to hash out federal spending priorities for the new fiscal year beginning Oct. 1.

The new measure, closer in line with what Senate Democrats and the White House had called for than his first plan, is likely to spark fury among the ultra-conservative House Freedom Caucus and its allies. But most Republicans are wary of the backlash of a potential government shutdown just weeks before Election Day.

Johnson took a swipe at the upper chamber for failing to pass a single one of their 12 appropriations bills, writing to House GOP colleagues on Sunday that because ‘Senate Democrats failed to pass a single appropriations bill or negotiate with the House on an acceptable topline number for FY 2025, a continuing resolution is the only option that remains.’

The plan would keep the government out of a partial shutdown through Dec. 20. House GOP leadership staff told reporters on Sunday that Democratic requests for additional dollars were rebuffed, and extra disaster relief funds that were in Johnson’s initial plan have been removed.

But it would include roughly an additional $230 million for the U.S. Secret Service (USSS), coupled with certain oversight measures, after a bipartisan push for more security following two foiled attempts on former President Trump’s life.

Perhaps the most significant change is the removal of the Safeguarding American Voter Eligibility (SAVE) Act, a bill requiring proof of citizenship in the voter registration process.

That legislation, backed by Trump, passed the House earlier this year with all Republicans and five Democrats in favor. Johnson hoped that attaching it to a CR would force the Democratic-controlled Senate and White House – both of which have called it a nonstarter – to consider it, or at least that it would serve as a potent opening salvo in negotiations.

But 14 Republicans – most opposed to a CR on principle – tanked the bill last week.

Trump wrote on Truth Social ahead of the vote, ‘If Republicans don’t get the SAVE Act, and every ounce of it, they should not agree to a Continuing Resolution in any way, shape, or form.’

‘Our legislation will be a very narrow, bare-bones CR including only the extensions that are absolutely necessary,’ Johnson pledged to colleagues Sunday.

‘While this is not the solution any of us prefer, it is the most prudent path forward under the present circumstances. As history has taught and current polling affirms, shutting the government down less than 40 days from a fateful election would be an act of political malpractice.’

Government funding has been one of the most volatile fights in the 118th Congress, pitting even the most conservative House allies against each other.

Johnson’s new plan is not likely to abate those tensions. Critics of a CR through December have argued it would leave them with no choice but to group their 12 annual appropriations bills into a massive ‘omnibus’ spending bill, something nearly all Republican lawmakers oppose.

But House GOP leadership staff suggested it was more likely Congress would pass another CR into the new year rather than set new levels for fiscal year 2025 – lining up with Johnson’s original plan.

The speaker’s previous proposal would have funded the government through March, something Democrats and some national security hawks opposed.

Trump allies, however, wanted to see the government funding fight kicked into the new year in hopes that he would win the White House and usher in a fully Republican Congress.

Senate Majority Leader Chuck Schumer, D-N.Y., did not weigh in directly on the plan but took a swipe at Johnson for trying to pass his conservative CR last week.

‘While I am pleased bipartisan negotiations quickly led to a government funding agreement free of cuts and poison pills, this same agreement could have been done two weeks ago. Instead, Speaker Johnson chose to follow the MAGA way and wasted precious time,’ Schumer said in a statement.

‘If both sides continue to work in good faith, I am hopeful that we can wrap up work on the CR this week, well before the September 30 deadline. The key to finishing our work this week will be bipartisan cooperation, in both chambers.’

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    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

    Stock

    In this video from StockCharts TV, Julius examines the theoretical sector rotation model and aligns it with current state of sector rotation on Relative...

    Latest News

    Independent presidential candidate Robert F. Kennedy, Jr. has revealed what he says is his path to the White House as he faces increased pressure...

    Stock

    In this edition of StockCharts TV‘s The Final Bar, Dave uncovers strength in SQSP using the Stochastics Oscillator and the StochRSI indicator. He shares...

    Economy

    Chair Jerome Powell leads the Federal Open Market Committee (FOMC) press conference. 2022. Inflation is once again on the decline, new data from the...



    Disclaimer: Paybackinvestigators.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 Paybackinvestigators.com