New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Politics

House recesses with just 2 days to solve government shutdown standoff

by admin February 18, 2024
February 18, 2024
House recesses with just 2 days to solve government shutdown standoff

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

0
FacebookTwitterGoogle +Pinterest
previous post
Democratic presidential candidate announces campaign layoffs, vows to remain in race: ‘Really tough day’
next post
Navalny’s body should be handed over to his family ‘immediately,’ Navalny spokesperson says

Related Posts

Hillary Clinton says Biden’s age a ‘legitimate issue,’...

February 11, 2024

AG Pam Bondi says FBI delivered ‘truckload’ of...

March 4, 2025

Israeli official warns ‘everything is on the table’...

October 7, 2024

Vance defends Gabbard as ‘critical part’ of Trump...

June 19, 2025

FDA phasing out some animal testing in ‘win-win’...

April 11, 2025

House GOP channels ‘Nighthawks’ as they try to...

May 20, 2025

Iran is impotent at conventional warfare. Israel has...

May 3, 2024

2024 showdown: New polls this weekend in three...

August 11, 2024

Judge rules RFK Jr. can sue Biden administration...

August 25, 2024

‘Baby steps’: Leader Thune details his work to...

June 22, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • White House reveals highest-paid staffers–and 8 taking no salaries

      July 3, 2025
    • Trump $3.3T megabill sets House record for longest vote in history

      July 3, 2025
    • Iran nuclear program set back 2 years after US strikes: Pentagon

      July 3, 2025
    • Airlines secretly sold US travelers’ data to Homeland Security

      July 3, 2025
    • White House reveals highest-paid staffers – and 8 taking no salaries

      July 3, 2025
    • Jeffries stalls Trump’s ‘big, beautiful bill’ for hours after House GOP mutiny breakthrough

      July 3, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 3

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 7

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023

    Categories

    • Business (1,397)
    • Investing (3,435)
    • Politics (4,507)
    • World (4,410)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.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 © 2025 newmarketperspective.com | All Rights Reserved