The Senate approved a stopgap funding bill on Wednesday night, deferring the GOP’s spending fight and the threat of a government shutdown until after the holidays. The bill was passed with an 87-11 bipartisan vote, resulting in 10 Republicans, and one Democrat, Sen. Michael Bennet of Colorado, voting against it. “Because of bipartisan cooperation, we …
House Speaker Mike Johnson (R-La.), facing the first big test of his leadership since taking on the role a little over two weeks ago, proposed a temporary funding extension to avoid a government shutdown set to begin after next Friday by extending funding into early 2024. While the proposed bill would have different agencies’ funding …
By David Morgan WASHINGTON (Reuters) – Republican Mike Johnson, the inexperienced Speaker of the U.S. House of Representatives, faces a critical test of his ability to unite his divided majority as he strives to prevent a partial government shutdown in just over two weeks. The fourth-term Louisiana lawmaker will attempt to pass three spending bills …
The speaker made a last-minute reversal to avert a government shutdown. It could cost him his job. Anna Moneymaker / Getty September 30, 2023, 5:52 PM ET Updated at 9:02 p.m. ET on September 30, 2023 Legislative Speaker Kevin McCarthy faced a difficult decision in recent weeks as he negotiated spending bills with hard-line members …
Yesterday was a disastrous day for House Republicans and their struggling leader, Speaker Kevin McCarthy. In the morning, McCarthy had to cancel a procedural vote on a GOP proposal to prevent a government shutdown at the end of the month. In the afternoon, conservatives blocked McCarthy’s attempt to advance legislation funding the Pentagon. The failure …
Treasury Board President Anita Anand has assigned a task to federal cabinet ministers to identify $15.4 billion in government spending cuts by October 2. The goal is to reallocate underutilized funds to critical services like healthcare while minimizing any impact on public-service jobs. This commitment aligns with the government’s aim to reduce overall government spending …
Former Chancellor Angela Merkel once famously associated Germany with its ability to produce high-quality, airtight windows. This emphasis on economic success and excellence has long been a source of pride for Germany, allowing the country to celebrate itself as an “export world champion” and showcase its well-functioning capitalist-corporatist system. Additionally, Germany’s fiscal conservatism and hawkish …
The ongoing debt-ceiling crisis appears strikingly similar to the 2011 clash between congressional Republicans and former President Barack Obama. Once again, the GOP majority in the House is using the threat of a national default to pressure a first-term Democratic president to agree to spending cuts in exchange for raising the federal borrowing limit. A …
The House Republicans are currently pushing for budget cuts in their debt-ceiling standoff with President Joe Biden, which has intensified the generational and racial conflict that is prevalent in American politics. The GOP’s plan focuses on cutting spending for programs that support children and young adults, who are the most racially diverse generations in the …
As the US government approaches the brink of default with no agreement yet reached to lift its borrowing limit, an unusual voice of reassurance has emerged. Mitch McConnell, the longstanding Republican senate leader from Kentucky, recently told reporters that people need to remain calm as “the country will not default”. This statement is surprising given …