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

New Market Perspective

Politics

Shutdown standoff looms in Congress’ final weeks before Trump’s return to White House

by admin November 8, 2024
November 8, 2024
Shutdown standoff looms in Congress’ final weeks before Trump’s return to White House

The tumultuous two years of the 118th Congress are likely to be capped by one more standoff over government spending.

House Majority Leader Steve Scalise, R-La., signaled to Fox News Digital that it was unlikely Republicans will move to kick fiscal 2025 federal funding discussions into the new year.

But he reiterated vows that House Republicans would fight against rolling all 12 annual appropriations bills into one large ‘omnibus’ package, setting up a possible showdown with Senate Democrats.

‘The ideal scenario would be we get an agreement for the remainder of the fiscal year,’ Scalise said.

He cited constraints on national security if Congress were to simply extend fiscal 2024 funding levels.

‘When you think about defense funding, it costs us money to have short-term funding bills when you cannot do long-term procurement, to buy the kind of long-range defense systems that we need to compete with China,’ Scalise said. ‘China is not operating on short-term spending bills, neither should we.’

Before recessing in September, House Republicans and Senate Democrats agreed to extend fiscal 2024 funding levels through what’s known as a continuing resolution (CR) to avoid a partial government shutdown at the end of the fiscal year on Sept. 30.

That bought congressional negotiators through Dec. 20 to hash out a deal.

At the time, several supporters of President-elect Donald Trump demanded that the CR run into the new year in the hopes a new Republican administration would take the reins, something opposed by senior GOP lawmakers and national security hawks.

If Republicans win the House in addition to the Senate and White House, Trump will have a say over how a GOP-controlled Congress handles spending in the fall next year. A number of House races remain undecided days after Tuesday’s general election.

Scalise also cited several other priorities, like the border crisis and extending tax cuts, that will take up much of the beginning of Trump’s term.

As for this year’s negotiations, however, both sides are still far apart.

House Republicans have accused Senate Democrats of slow-walking the process without having passed any of their own spending bills on the floor in a bid to force the GOP to swallow an end-of-year ‘omnibus’ with excess spending and little transparency.

Democrats have in turn criticized House Republicans’ spending bills, several of which passed the House floor, as pushing draconian cuts and conservative policies deemed ‘non-starters.’

‘We have a lot of conversations to have with our members about the best approach,’ Scalise said. ‘When we had left, we had already passed over 70% of the government funding bills through the House, and the Senate hadn’t passed any.’

‘We’re trying to get agreements on the individual bills. That’s why the House did our job … hopefully we can start getting those agreements when we return.’

Fox News Digital reached out to Senate Majority Leader Chuck Schumer, D-N.Y., about whether he anticipates an omnibus, which he has ushered through the Senate nearly every year he’s been majority leader, at the end of this year.

If an agreement is not reached by Dec. 20, the country could face a partial government shutdown just weeks before the new presidential administration.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
5 mistakes that doomed Kamala Harris’ campaign against Trump
next post
KJP says President Biden still has no plans to pardon Hunter Biden for tax fraud, gun charges

Related Posts

Biden replacement? Whitmer denies ‘Draft Gretch’ campaign, but...

July 4, 2024

Trump’s Playbook: How Putin outsmarted 4 US presidents,...

November 14, 2024

What I saw in Israel was inspiring, despite...

March 18, 2024

Trump VP short list has new top contender:...

May 26, 2024

Russian-American ballerina Ksenia Karelina released in prisoner swap...

April 10, 2025

Hospitals warned they must protect children from chemical...

March 8, 2025

Neighbors caught on camera fighting each other with...

January 14, 2024

Biden campaign reaches out to Nikki Haley voters...

March 30, 2024

Emmanuel Macron calls ’emergency meeting’ for European leaders...

February 16, 2025

Who is Yahya Sinwar? The Israeli prisoner turned...

October 18, 2024

    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

    • At 90, the Dalai Lama braces for final showdown with Beijing: his reincarnation

      July 4, 2025
    • Russia becomes first nation to recognize Taliban government of Afghanistan since 2021 takeover

      July 4, 2025
    • Two arrested over ‘Chinese blessing scams’ targeting elderly Asian women in Australia

      July 4, 2025
    • Russia launches record number of drones at Ukraine after latest Trump-Putin phone call

      July 4, 2025
    • Elephant kills two female tourists from the UK and New Zealand in Zambian national park

      July 4, 2025
    • What is happening in South Korea? Seoul has caught the lovebug that nobody wants

      July 4, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

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

      December 22, 2023
    • 3

      Crypto Market 2023 Year-End Review

      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 (1,398)
    • Investing (3,442)
    • Politics (4,517)
    • World (4,416)
    • 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