Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

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

by 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
Nvidia Stock Hits Record High of $146.47

You may also like

Senate Dems rail against ‘shadow speaker’ billionaire Elon...

December 21, 2024

Trump rescinds Biden-era policy declaring DEI an ‘integral’...

March 20, 2025

House Republicans introduce bill to repurchase Panama Canal...

January 9, 2025

Biden’s former spokesman slams Trump and GOP for...

March 20, 2025

Top federal agency with history of wasteful spending...

February 8, 2025

Rubio tells House Dem ‘this is not a...

May 21, 2025

Trump admin asks IRS to revoke Harvard’s tax-exempt...

April 16, 2025

These 9 celebrities stand with Trump in the...

October 31, 2024

AOC fundraises on trying to abolish ICE amid...

May 28, 2025

Tulsi Gabbard gives exclusive glimpse of Trump’s first...

February 27, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

    • Senate Republicans eye changes to Trump’s megabill after House win

      June 1, 2025
    • Trump shares post saying Biden was executed, replaced with clones

      June 1, 2025
    • House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

      June 1, 2025
    • Athletes, coaches and officials among 22 killed in road accident in northern Nigeria

      June 1, 2025
    • How a Trump-fueled brain drain could be the rest of the world’s brain gain

      June 1, 2025
    • At least 26 Palestinians killed after Israeli forces open fire near Gaza aid distribution center: Red Crescent

      June 1, 2025

    Categories

    • Business (649)
    • Investing (661)
    • Politics (4,296)
    • World News (2,898)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 WhaleLargeCapital.com | All Rights Reserved