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

New Market Perspective

Politics

Congress unveils bill to avert Friday government shutdown with over $100B in disaster aid

by admin December 18, 2024
December 18, 2024
Congress unveils bill to avert Friday government shutdown with over $100B in disaster aid

Congressional leaders are unveiling their plan to avoid a partial government shutdown by the Friday federal funding deadline.

House Republicans released the 1,547-page text of a short-term extension of fiscal year (FY) 2024 government funding levels to give lawmakers more time to agree on funding the rest of FY 2025.

It’s the second such extension, called a continuing resolution (CR), since FY 2024 ended on Sept. 30.

The bill extends FY 2024 government funding levels through March 14, while also including more than $100 billion in funding for disaster relief after storms Helene and Milton battered the U.S. Southeast just months ago. A further $10 billion in economic assistance for farmers is also included.

The legislation has health care provisions aimed at lessening the influence of Pharmacy Benefit Managers (PBMs), and legislation aimed at revitalizing Washington, DC’s RFK Stadium and the surrounding area.

The bill will also make way for outbound investment legislation, to crack down on the flow of U.S. dollars benefitting Chinese military and technology firms overseas.

Recent drone activity on the Eastern Seaboard that’s alarmed private citizens and lawmakers alike also inspired negotiators to include a reauthorization and extension of the government’s Unmanned Aircraft Systems program.

To offset some of that funding, House leadership staff said the bill will allow the Treasury to recoup some of the funds the federal government spent rebuilding the Baltimore Key Bridge.

It must pass the GOP-controlled House and Democrat-controlled Senate by Friday and hit President Biden’s desk by midnight that day to avoid a partial government shutdown.

Last-minute negotiations delayed the bill’s expected Sunday release to Tuesday evening.

Meanwhile, GOP hardliners are crying foul at Speaker Mike Johnson, R-La., for stacking what they anticipated would be a ‘clean’ CR with unrelated policy riders.

‘We talked with the speaker up until this weekend, the only discussion was ‘How long is this clean CR going to be?’ And suddenly we find out – I heard rumors over the weekend – they’re negotiating with a health care package that included PBM stuff,’ Rep. Eric Burlison, R-Mo., told Fox News Digital.

‘I think it’s absolutely disgusting to bring forward a several-thousand-page bill that nobody’s read, even today, nobody’s even seen it, and then they expect us to vote on it without any debate.’

Allies of President-elect Trump had pushed for a short-term extension into the new year to give his administration, and a fully Republican Congress, more control over government funding.

But some GOP lawmakers worried that fighting the previous year’s battles will risk derailing the forward-facing agenda Republicans hope to enact in Trump’s first 100 days.

‘His agenda is going to be subject to a one-seat majority for some time, in the best case scenario, he gets about three or four seats. So we don’t have much margin for error,’ one House Republican said.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Farm state Republicans appear skeptical about RFK amid his quest for HHS confirmation
next post
RFK Jr. says he plans to also meet with Dems in bid to get confirmed as Trump HHS head

Related Posts

Political strategists lay out how Trump should kick...

March 4, 2025

Trump removes Antony Blinken, Letitia James, Alvin Bragg’s...

February 9, 2025

US-Israeli citizen who was kidnapped on Oct. 7...

March 13, 2024

Israel-Hamas war would ‘probably already been over’ if...

May 13, 2024

Trump administration cutting 90% of USAID foreign aid...

February 27, 2025

Trump’s ‘big, beautiful bill’ stalls in House amid...

July 3, 2025

Trump assassination attempt: Secret Service makes big change...

August 16, 2024

Flashback: Harris proposed middle class tax increase for...

August 1, 2024

3 steps toward a winning pro-life strategy

January 18, 2024

Expert confident Iran’s nuclear program is ‘no longer’...

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