Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

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

previous post
Farm state Republicans appear skeptical about RFK amid his quest for HHS confirmation
next post
Biden’s Cabinet officials stand by statements of support as term draws to a close

Related Posts

Trump admin sanctions Brazilian judge overseeing Bolsonaro coup-plot...

July 31, 2025

Elon Musk says ‘bar is very low’ after...

February 23, 2025

Who is Neera Tanden? The controversial Dem operative...

June 25, 2025

Trump says Ukraine rare earth minerals deal will...

February 28, 2025

Trump addresses nation on ‘spectacular military success’ of...

June 22, 2025

Maria Shriver slams Trump over Kennedy Center name...

December 19, 2025

Mamdani’s response to Trump’s Iran strike sparks conservative...

March 1, 2026

DOGE’s access to critical IRS system containing taxpayer...

February 18, 2025

Biden didn’t want intel disseminated showing Ukrainian concerns...

October 8, 2025

Sec Hegseth to visit Panama after Trump’s demands...

April 5, 2025

Recent Posts

  • Trump’s apocalyptic Iran warning raises stakes for sweeping US strike threat
  • Graham eyes ‘down payment’ on Trump-backed SAVE Act without Democratic support
  • Midterm alarm bells: Democrats face steep favorability deficit despite election gains
  • Democrat whose parents fled Iran moves to oust Hegseth
  • American journalist kidnapped in Iraq is set free, must leave country ‘immediately,’ her employer says

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • Trump’s apocalyptic Iran warning raises stakes for sweeping US strike threat

    April 8, 2026
  • Graham eyes ‘down payment’ on Trump-backed SAVE Act without Democratic support

    April 8, 2026
  • Midterm alarm bells: Democrats face steep favorability deficit despite election gains

    April 8, 2026
  • Democrat whose parents fled Iran moves to oust Hegseth

    April 8, 2026
  • American journalist kidnapped in Iraq is set free, must leave country ‘immediately,’ her employer says

    April 8, 2026
  • What falling wage growth says about where the U.S. economy is heading

    April 8, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 3

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 7

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
Promotion Image

banner

Categories

  • Business (666)
  • Investing (3,251)
  • Politics (4,072)
  • Stocks (1,072)
  • Terms and Conditions
  • Privacy Policy

Copyright © 2026 bullhedging.com | All Rights Reserved