Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

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

by
December 18, 2024
in Latest News
0
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

Walmart employees are now wearing body cameras in some U.S. stores

Next Post
Walmart employees are now wearing body cameras in some U.S. stores

Walmart employees are now wearing body cameras in some U.S. stores

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’

Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’

Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’

October 21, 2025
Schumer requests meeting with Trump ‘any time, any place’ as Democrat stalemate drags on

Schumer requests meeting with Trump ‘any time, any place’ as Democrat stalemate drags on

October 21, 2025
House Judiciary committee refers former CIA Director John Brennan to Justice Department for prosecution

House Judiciary committee refers former CIA Director John Brennan to Justice Department for prosecution

October 21, 2025
Science Rules: Bill Nye, Buttigieg to boost Spanberger in key VA city as Jones scandal looms over Dem ticket

Science Rules: Bill Nye, Buttigieg to boost Spanberger in key VA city as Jones scandal looms over Dem ticket

October 21, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’

    Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’

    October 21, 2025
    Schumer requests meeting with Trump ‘any time, any place’ as Democrat stalemate drags on

    Schumer requests meeting with Trump ‘any time, any place’ as Democrat stalemate drags on

    October 21, 2025
    House Judiciary committee refers former CIA Director John Brennan to Justice Department for prosecution

    House Judiciary committee refers former CIA Director John Brennan to Justice Department for prosecution

    October 21, 2025
    Science Rules: Bill Nye, Buttigieg to boost Spanberger in key VA city as Jones scandal looms over Dem ticket

    Science Rules: Bill Nye, Buttigieg to boost Spanberger in key VA city as Jones scandal looms over Dem ticket

    October 21, 2025

    Top News

    Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’

    Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’

    October 21, 2025
    Schumer requests meeting with Trump ‘any time, any place’ as Democrat stalemate drags on

    Schumer requests meeting with Trump ‘any time, any place’ as Democrat stalemate drags on

    October 21, 2025

    Latest News

    • Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’
    • Schumer requests meeting with Trump ‘any time, any place’ as Democrat stalemate drags on
    • House Judiciary committee refers former CIA Director John Brennan to Justice Department for prosecution

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.