Economy

House to vote on CR funding bill as government faces likely shutdown this weekend

A short-term government funding bill with uncertain odds is set to get a House vote today, as the federal government hurdles toward a likely partial shutdown this weekend. 

The House Rules Committee is meeting this morning on a combined stopgap funding bill, known as a continuing resolution (CR), and border security legislation that would keep the government funded for 45 days.

It is expected to cut government spending by about 8% for that duration and include measures from the House GOP’s H.R. 2 border security bill, minus its eVerify provision.

Speaker Kevin McCarthy, R-Calif., told reporters on Thursday that the bill would also create a commission to study the federal debt. 

The bill is scheduled to pass a procedural hurdle later this morning, followed by a final House-wide vote — but its success is uncertain.

Several GOP hardliners — including Reps. Tim Burchett, R-Tenn., Matt Gaetz. R-Fla., and Matt Rosendale, R-Mont., among others — are staunchly opposed to any kind of CR on principle, arguing that it just extends the previous Democrat-controlled Congress’ priorities. 

McCarthy and his allies have expressed frustration at the holdouts and accused them of giving Democrats more leverage to pass a spending bill without conservative priorities. 

‘I think it’ll happen. Now, whether it passes is a different story,’ one GOP lawmaker said of the vote. ‘But at least let people be on record on whether they support a shutdown and keeping the border open.’

Making matters more complicated for the speaker, however, is a letter sent to him by members of the conservative House Freedom Caucus on Thursday demanding a plan for the full fiscal year while threatening to withhold support for the CR until McCarthy provides answers.

‘No Member of Congress can or should be expected to consider supporting a stop-gap funding measure without answers to these reasonable questions,’ the letter said.

Meanwhile, the Democrat-controlled Senate is working on advancing its own CR, which could get a vote this weekend. That bill would simply extend this year’s funding levels for a short duration while also providing billions for U.S. disaster relief and Ukraine aid.

This post appeared first on FOX NEWS

You May Also Like

Editor's Pick

An Italian holiday may be a priceless experience for those who have enjoyed all this country has to offer. But the summer of 2023...

Editor's Pick

Premature babies at Gaza’s largest hospital are being wrapped in foil and placed next to hot water in a desperate bid to keep them...

Editor's Pick

Tensions are boiling over in Israel as frustrated families of hostages demand answers from the government about the fate of their loved ones and...

Editor's Pick

A 7.5 magnitude earthquake struck western Japan on Monday afternoon, triggering tsunami alerts as far away as eastern Russia and prompting a warning for...

Disclaimer: findandfunds.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 findandfunds.com

Exit mobile version