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

Whale Large Capital

Politics

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

by 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
Lawmakers eye ‘low hanging fruit’ for government efficiency after first DOGE Caucus meeting

You may also like

Trump says he ‘felt very comfortable’ during address...

March 6, 2025

DOJ task force finds ‘numerous instances’ of anti-Christian...

September 5, 2025

‘She is endangering the life of Donald J....

October 29, 2024

DAVID MARCUS: Big-brained Ramaswamy, Musk pick fight they...

December 28, 2024

Trump says US will ‘take a pass’ on...

April 18, 2025

The national debt is about to hit a...

March 7, 2025

DOGE’s greatest hits: Look back at the department’s...

April 29, 2025

Michelle Obama portraitist’s exhibit with trans Statue of...

July 25, 2025

Comey indicted for alleged false statements, obstruction of...

September 26, 2025

Government’s ‘Pansexual and Panromantic Pride Day’ post sparks...

December 9, 2024

    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

    • Trump declares importance of not derailing ‘Syria’s evolution into a prosperous State’

      December 1, 2025
    • Trump MRI results drop as White House confronts mounting questions over president’s health

      December 1, 2025
    • Trump admin ‘actively re-examining all of the Afghans imported into the country’ following DC shooting

      December 1, 2025
    • Freedom Caucus joins progressives in rare bipartisan push targeting ‘insane’ federal laws

      December 1, 2025
    • NATO considers ‘more aggressive’ response to Russia’s hybrid threats

      December 1, 2025
    • Trump offers to release his October MRI results, insists scan wasn’t of his brain

      December 1, 2025

    Categories

    • Business (831)
    • Investing (661)
    • Politics (6,472)
    • World News (3,213)
    • 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 © 2025 WhaleLargeCapital.com | All Rights Reserved