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

Whale Large Capital

Politics

House vote imminent on Trump-backed bill to avoid government shutdown

by December 20, 2024
December 20, 2024
House vote imminent on Trump-backed bill to avoid government shutdown

The House of Representatives is set to imminently vote on a bill backed by President-elect Trump to avert a government shutdown.

It comes after two days of chaos in Congress as lawmakers fought amongst themselves about a path forward on government spending – a fight joined by Trump and his allies Elon Musk and Vivek Ramaswamy.

Meanwhile, the national debt has climbed to over $36 trillion, and the national deficit is over $1.8 trillion.

The legislation was hastily negotiated on Thursday after GOP hardliners led by Musk and Ramaswamy rebelled against an initial bipartisan deal that would have extended the government funding deadline until March 14 and included a host of unrelated policy riders.

The new deal also includes several key policies unrelated to keeping the government open, but the 116-page bill is much narrower than its 1,547-page predecessor.

Like the initial bill, the new iteration extended the government funding deadline through March 14 while also suspending the debt limit – something Trump had pushed for.

It proposed to suspend the debt limit for two years until January 2027, still keeping it in Trump’s term but delaying that fight until after the 2026 Congressional midterm elections.

The new proposal also included roughly $110 billion in disaster relief aid for Americans affected by storms Milton and Helene, as well as a measure to cover the cost of rebuilding Baltimore’s Francis Scott Key Bridge, which was hit by a barge earlier this year.

Excluded from the second-round measure is the first pay raise for congressional lawmakers since 2009 and a measure aimed at revitalizing Washington, D.C.’s RFK stadium.

The text of the new bill was also significantly shorter – going from 1,547 pages to just 116.

‘All Republicans, and even the Democrats, should do what is best for our Country, and vote ‘YES’ for this Bill, TONIGHT!’ Trump wrote on Truth Social.

But the bill hit opposition before the legislative text was even released.

Democrats, furious at Johnson for reneging on their original bipartisan deal, chanted ‘Hell no’ in their closed-door conference meeting on Thursday night to debate the bill.

Nearly all House Democrats who left the meeting indicated they were voting against it.

Meanwhile, members of the ultra-conservative House Freedom Caucus also said they would vote against the bill.

‘Old bill: $110BB in deficit spending (unpaid for), $0 increase in the national credit card. New bill: $110BB in deficit spending (unpaid for), $4 TRILLION+ debt ceiling increase with $0 in structural reforms for cuts. Time to read the bill: 1.5 hours. I will vote no,’ Rep. Chip Roy, R-Texas, wrote on X.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
House Republicans agree on Plan B government funding bill with Trump’s debt limit increase
next post
Malls are using new restaurants to draw consumers as shopping centers reinvent themselves

You may also like

Mike Johnson re-elected speaker: Here were the top...

January 4, 2025

Europe must invoke ‘snapback’ sanctions on Iran, US...

February 13, 2025

President Biden pardons his siblings just minutes before...

January 20, 2025

Trump, Prince William sit down for meeting in...

December 8, 2024

Mystery flights from China to Iran raise questions...

June 19, 2025

Supreme Court to hear Republican challenge that could...

June 30, 2025

Hidden in hangars, the Navy’s FA-XX could decide...

December 3, 2025

Clarence Thomas presses Dem operative Marc Elias in...

December 11, 2025

Army suspends commander after Trump, Vance, Hegseth vanish...

April 21, 2025

Biden DOJ to accuse Russia of trying to...

September 4, 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

    • Obama wingman Eric Holder defended Walz’s vetting — then Minnesota’s fraud scandal erupted

      January 15, 2026
    • Lindsey Graham calls for US to use ‘any means necessary’ to stop the people behind the killing of Iranians

      January 15, 2026
    • Top federal Minnesota prosecutors officially terminated after dispute over ICE shooting probe

      January 15, 2026
    • Japan’s Prime Minister Takaichi plans to dissolve Parliament and call early election to strengthen coalition

      January 15, 2026
    • Key Republicans flip, kill effort to restrain Trump’s policing power over Venezuela

      January 15, 2026
    • Iran allegedly airs 97 ‘coercive confessions’ amid record-breaking North Korea-style internet blackout

      January 15, 2026

    Categories

    • Business (839)
    • Investing (661)
    • Politics (7,032)
    • World News (3,213)

    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 © 2026 whalelargecapital.com | All Rights Reserved