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

Bull Hedging

Politics

House vote imminent on plan to avert government shutdown

by admin December 21, 2024
December 21, 2024
House vote imminent on plan to avert government shutdown

House lawmakers will soon vote on a bill to avert a partial government shutdown after a similar measure backed by President-elect Trump failed Thursday.

Congress is scrambling for a path forward as the clock ticks closer to the federal funding deadline, with a partial shutdown expected at 12:01 a.m. Saturday if no action is taken.

Speaker Mike Johnson, R-La., suggested there would be a House-wide vote Friday when leaving a closed-door House GOP meeting where leaders presented their plan.

‘I expect that we will be proceeding forward,’ Johnson said. ‘We will not have a government shutdown, and we will meet our obligations for our farmers who need aid, for the disaster victims all over the country and for making sure that military and essential services and everyone who relies upon the federal government for a paycheck is paid over the holidays.’

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

Multiple lawmakers told Fox News Digital the forthcoming legislation would extend current government funding levels through mid-March, a measure known as a continuing resolution (CR), paired with just over $100 billion in disaster relief aid for victims of storms Helene and Milton, as well as assistance for the agriculture industry.

Johnson’s aim is to bypass regular House procedures to get the legislation straight to a chamber-wide vote, a maneuver known as ‘suspension of the rules.’

In exchange for the fast track, however, the threshold for passage is raised from a simple majority to two-thirds of the House chamber, meaning Democratic support is critical.

Rep. Thomas Massie, R-Ky., told reporters he believed Johnson struck an agreement with House Minority Leader Hakeem Jeffries, D-N.Y. A longtime Johnson critic, Massie said he would not vote for the bill.

‘Trump wanted a debt limit increase, and now we’re bringing the exact same bill to the floor without the debt limit increase,’ Massie said.

Another Republican lawmaker argued Johnson would not move forward without Trump’s blessing.

‘We wouldn’t do it if they weren’t,’ Rep. Dan Meuser, R-Pa., said when asked if Trump and Elon Musk were supportive of the deal.

Trump and Musk led the conservative rebellion against the initial plan to avert a partial shutdown, a bipartisan deal that came from negotiations between the top two Democrats and Republicans in both Congressional chambers.

That bill, 1,547 pages, would have extended current government funding levels until March 14. However, GOP hardliners were angered by what they saw as unrelated measures attached to the bill, like a pay raise for congressional lawmakers, health care policy provisions and legislation aimed at revitalizing RFK Stadium in Washington, D.C.

It was scrapped as Trump and Musk threatened to force out of office any lawmaker who did not support pairing a CR with action on the debt limit.

The debt limit is suspended until January 2025 through a prior bipartisan deal, but Trump had pushed for Republicans to act on it now to avoid a messy, protracted fight early in his term.

The second iteration of the funding deal was much slimmer, coming in at 116 pages. It excluded the stadium bill and the congressional pay raise, but still included measures to fund the rebuilding of Baltimore’s Francis Scott Key Bridge and disaster aid funding. It also suspended the debt limit through January 2027.

A House vote on the second plan went down in flames, however, after 38 Republicans opposed to raising or suspending the debt limit voted with all but two Democrats to defeat the bill.

Johnson huddled with those holdouts Friday morning, along with Trump’s nominee to lead the Office of Management and Budget, Russell Vought, and Vice President-elect JD Vance. 

The latest plan that’s expected to get a vote does not act on the debt limit, but Johnson pledged in that closed-door meeting to raise the debt limit early next year as part of Republicans’ plans for a massive policy and spending overhaul.

During their closed-door meeting Friday, House GOP leaders unveiled their CR plan as well as a plan to raise the debt limit by $1.5 trillion, followed by $2.5 trillion in net spending cuts, multiple people told Fox News Digital.

It’s still not clear if the bill will sway all the 38 holdouts, however. Many had advocated for a plan to separate the CR from disaster relief and agricultural aid to vote on ‘single-subject’ bills.

But with a partial government shutdown looming just hours away, it appeared House leaders were running out of time to get that done by the end of Friday.

This post appeared first on FOX NEWS

previous post
House passes funding bill with just hours until government shutdown
next post
White House pressed on Biden refusing to speak publicly ahead of shutdown

Related Posts

White House provides Trump health update after MRI...

November 13, 2025

US Ambassador Michael Waltz declares atrocities against Christians...

November 19, 2025

AOC loses bid to be top Democrat on...

December 18, 2024

MN lawmaker says ‘unbelievable’ assisted-living fraud scheme includes...

December 18, 2025

Appeals court upholds $1 million penalty against Trump...

November 27, 2025

Dems torched over DOGE security claims after allowing...

February 16, 2025

State Department reveals plan to deliver ‘life-saving’ meals...

June 11, 2025

Speaker Johnson reaches tentative deal with blue state...

May 21, 2025

Schumer supports Democrats delaying all Trump nominees who...

January 24, 2025

Dozens of House Republicans defy Trump, join Democrats...

January 9, 2026

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • Capitol police arrest Rubio hearing disruptor, as Republican senator says ‘off to jail’
  • Trump calls on employers nationwide to match contributions into workers’ kids’ Trump Accounts
  • Rubio warns NATO allies US is ‘not simply focused on Europe,’ doesn’t have unlimited resources

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

  • The Real Drivers of This Market: AI, Semis & Robotics

    January 29, 2026
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    January 29, 2026
  • Capitol police arrest Rubio hearing disruptor, as Republican senator says ‘off to jail’

    January 29, 2026
  • Trump calls on employers nationwide to match contributions into workers’ kids’ Trump Accounts

    January 29, 2026
  • Rubio warns NATO allies US is ‘not simply focused on Europe,’ doesn’t have unlimited resources

    January 29, 2026
  • Gulf shipping operations grind to halt near Iran, US quietly prepares for possible strike: ‘Heightened risk’

    January 29, 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

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

    December 19, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (607)
  • Investing (2,913)
  • Politics (3,568)
  • Stocks (1,054)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2026 bullhedging.com | All Rights Reserved