Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Republicans mount third attempt to fund government, shutdown looms By Reuters
    News

    Republicans mount third attempt to fund government, shutdown looms By Reuters

    userBy userDecember 20, 2024No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    By Bo Erickson, Katharine Jackson, Andy Sullivan and Richard Cowan

    WASHINGTON (Reuters) -Republicans in the U.S. Congress mounted a third attempt to avert a government shutdown on Friday with only hours to spare, after two previous plans were scuttled by President-elect Donald Trump and members of their own party.

    Republican Representative Ralph Norman told reporters that party leaders planned to hold a vote on a third spending bill, though he did not provide details.

    Others said they would not try to win over Democrats whose support likely will be needed to extend funding past midnight Friday (0500 GMT Saturday), when it is due to expire.

    “We’re not working with Democrats,” Republican Representative Anna Paulina Luna said. 

    If Congress does not pass a spending package, funding for everything from law enforcement to national parks will be disrupted and millions of federal workers will go unpaid.

    Authorities warned that travelers during the busy Christmas season could face long lines at airports. Sources said the White House has alerted government agencies to prepare for an imminent shutdown. The federal government last shut down for 35 days during Trump’s first White House term over a dispute about border security.

    Republicans might break up elements that had previously been bundled together, according to a source familiar with internal discussions. That could see the House holding separate votes on extending government funding into March, aid for disaster-hit areas, and farm aid that is due to expire at the end of the year.

    It was unclear whether the House would also vote on Trump’s request to  raise the debt ceiling — a difficult task he wants Congress to do before he takes office on Jan. 20.

    “We have a plan,” House Speaker Mike Johnson told reporters. “We’re expecting votes this morning.”

    House Democratic Leader Hakeem Jeffries said he has been in touch with Johnson, but has not seen the latest Republican plan.

    It would be the third attempt for Johnson, who saw his first package — a  bipartisan deal negotiated with Democrats who still control the Senate and the White House — collapse on Wednesday after an online fusillade of criticism by Trump and Elon Musk, his billionaire adviser.

    A second package, which paired government funding and disaster aid with Trump’s demand to lift the national debt limit, failed to pass the House on Thursday as Democrats and 38 Republicans voted against it.

    Democrats accused Johnson of caving to pressure from an unelected billionaire, while Republican opponents said they would not vote for a package that increased government spending and cleared the way for trillions of dollars in increased debt.

    Trump, who takes office in one month, overnight ratcheted up his rhetoric, calling for a five-year suspension of the U.S. debt ceiling even after the House rejected a two-year extension. 

    “Congress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling. Without this, we should never make a deal,” Trump wrote in a post on his social media platform overnight.

    Previous fights over the debt ceiling have spooked financial markets, as a U.S. government default would send credit shocks around the world. The limit has been suspended under an agreement that technically expires on Jan. 1, though lawmakers likely would not have had to tackle the issue before the spring.





    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleUpstream jobs in Texas oil slipped in Nov, industry group says
    Next Article Billionaire McCourt plans TikTok overhaul with $20 billion bid By Investing.com
    user
    • Website

    Related Posts

    This S&P 500 dividend stock has crashed 48% and now has a P/E of 13!

    May 14, 2025

    Here’s how much £10,000 invested in National Grid shares 5 years ago is now worth…

    May 14, 2025

    This 10%-yielding FTSE 250 dividend stock looks great! But does it have long-term promise?

    May 14, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d