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

House vote imminent on plan to avert government shutdown

by
December 20, 2024
in Latest News
0
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

Goldman Sachs sees modest growth impact from EU defense spending

Next Post

White House pressed on Biden refusing to speak publicly ahead of shutdown

Next Post
White House pressed on Biden refusing to speak publicly ahead of shutdown

White House pressed on Biden refusing to speak publicly ahead of shutdown

  • Trending
  • Comments
  • Latest
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
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
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
Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq

Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq

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
Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq

Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq

January 24, 2026
Trump pushes ‘Trump-a-palooza’ midterm convention as GOP braces for tough elections

Trump pushes ‘Trump-a-palooza’ midterm convention as GOP braces for tough elections

January 23, 2026
Air Force One glitch revives replacement push as White House says it ‘proves Trump was right again’

Air Force One glitch revives replacement push as White House says it ‘proves Trump was right again’

January 23, 2026
Federal judge questions Trump authority on White House ballroom project

Federal judge questions Trump authority on White House ballroom project

January 23, 2026

    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

    Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq

    Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq

    January 24, 2026
    Trump pushes ‘Trump-a-palooza’ midterm convention as GOP braces for tough elections

    Trump pushes ‘Trump-a-palooza’ midterm convention as GOP braces for tough elections

    January 23, 2026
    Air Force One glitch revives replacement push as White House says it ‘proves Trump was right again’

    Air Force One glitch revives replacement push as White House says it ‘proves Trump was right again’

    January 23, 2026
    Federal judge questions Trump authority on White House ballroom project

    Federal judge questions Trump authority on White House ballroom project

    January 23, 2026

    Top News

    Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq

    Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq

    January 24, 2026
    Trump pushes ‘Trump-a-palooza’ midterm convention as GOP braces for tough elections

    Trump pushes ‘Trump-a-palooza’ midterm convention as GOP braces for tough elections

    January 23, 2026

    Latest News

    • Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq
    • Trump pushes ‘Trump-a-palooza’ midterm convention as GOP braces for tough elections
    • Air Force One glitch revives replacement push as White House says it ‘proves Trump was right again’

    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.