Index Investing News
Monday, October 6, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Shutdown imminent as House, Senate hold split courses US government funding By Reuters

by Index Investing News
September 30, 2023
in Stocks
Reading Time: 3 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


5/5

© Reuters. U.S. House Speaker Kevin McCarthy (R-CA) speaks with reporters after a House Republican conference meeting following a series of failed votes on spending packages at the U.S. Capitol ahead of a looming government shutdown in Washington, U.S. September 29,

2/5

By David Morgan and Makini Brice

WASHINGTON (Reuters) – The U.S. government looked all but certain to enter a partial shutdown on Sunday as House Republicans and Senate Democrats held to starkly different courses on funding.

The Democratic-majority Senate planned another procedural vote on a stopgap bill to fund the government through Nov. 17, which has been moving forward with broad bipartisan support, which the Republican-controlled House of Representatives has rejected so far.

House Republican lawmakers on Friday blocked their own party’s stopgap bill, known as a “continuing resolution” or CR. That bill included multiple conservative policy additions that Democrats opposed, and had no chance of winning the Senate support it would need to become law.

Infighting among Republicans who control the House by a 221-212 margin has pushed the United States to the brink of its fourth partial shutdown in a decade, as the chamber has been unable to pass legislation that would keep the government open beyond the Oct. 1 start of the fiscal year.

Hundreds of thousands of federal employees will lack the funding to do their jobs if the two chambers do not send a spending bill for Democratic President Joe Biden to sign into law by 12:01 a.m. (0401 GMT) on Sunday.

Federal agencies have already drawn up detailed plans that spell out what services must continue, like airport screening and border patrols, and what must shut down, like scientific research and nutrition aid to 7 million poor mothers.

Most of the government’s 4 million-plus employees would not get paid, whether they were working or not.

House Republicans emerging from a closed-door party meeting on Saturday said they expected to vote for a measures that would ensure that members of the military, border security and the Federal Aviation Administration were paid during the shutdown. Those would only take effect if the Senate passed it and Biden signed it into law.

“We will vote to keep our troops paid and fully operational,” said Representative Darrell Issa.

Some hardline Republicans said a shutdown was worth it to achieve their goals.

“I fear the majority of the conference is willing to do anything to avoid the discomfort of a potential government shutdown,” Representative Bob Good told reporters. “If we don’t have the willingness to say ‘no’ and the resolve to say ‘no,’ the Senate and the White House will not accept any spending cuts.”

CREDIT CONCERNS

The standoff comes just months after Congress brought the federal government to the brink of defaulting on its $31.4 trillion debt. The drama has raised worries on Wall Street, where the Moody’s (NYSE:) ratings agency has warned it could damage U.S. creditworthiness.

Congress typically passes stopgap spending bills to buy more time to negotiate the detailed legislation that sets funding for federal programs.

This year, a group of Republicans has blocked action in the House as they have pressed to tighten immigration and cut spending below levels agreed to in the debt-ceiling standoff last spring.

On Friday, 21 Republicans joined with Democrats to defeat legislation that reflected those demands, saying the chamber should focus instead on passing detailed spending bills for the full fiscal year, even if it leads to a shutdown in the near term.

That angered other Republicans, who said they had blown an opportunity to advance conservative policies.

“There’s a lot of frustration growing with the 21 individuals who chose to vote ‘no’ on what was a very good plan,” Republican Representative Nicole Malliotakis of New York said on Friday.

Republican House Speaker Kevin McCarthy said on Friday the chamber might try to rely on Democrats to help pass a stopgap bill that would continue funding at current levels, even though that could prompt a challenge to his leadership from hardliners.

The Senate is due to hold a procedural vote at 1:00 p.m. (1700 GMT) to extend government funding through Nov. 17. It enjoys wide support from Republicans and Democrats, but the chamber’s arcane rules mean that a vote on final passage could be delayed until Tuesday.

Even if that passes, the two chambers would have to resolve their differences before sending any bill to Biden’s desk. That could pose another hurdle, as McCarthy said he opposed $6 billion in Ukraine aid included in the Senate bill.

“We continue to try to find a way out of this,” he said on Friday.



Source link

Tags: CoursesFundinggovernmentHoldHouseimminentReutersSenateshutdownSplit
ShareTweetShareShare
Previous Post

Goals, assists, stats & FPL info at Spurs

Next Post

Dollar Tree Stock: My Wife Says Buy DLTR Weakness (NASDAQ:DLTR)

Related Posts

Maximizing Your Financial savings Account Curiosity Charge: Prime Methods

Maximizing Your Financial savings Account Curiosity Charge: Prime Methods

by Index Investing News
October 3, 2025
0

Need to make your financial savings work tougher for you? Right here’s the right way to maximize the rate of...

Micron Know-how, Inc. (MU) This autumn 2025 Earnings Name Transcript

Micron Know-how, Inc. (MU) This autumn 2025 Earnings Name Transcript

by Index Investing News
September 24, 2025
0

ObserveThis autumn: 2025-09-23 Earnings AbstractEPS of $3.03 beats by $0.17  | Income of $11.32B (46.00% Y/Y) beats by $159.82M Micron Know-how,...

Morningstar PitchBook index tracks publicity to private and non-private belongings

Morningstar PitchBook index tracks publicity to private and non-private belongings

by Index Investing News
September 16, 2025
0

Merchants work on the ground on the New York Inventory Alternate (NYSE) in New York Metropolis, U.S., August 14, 2025....

Salesforce, Inc. 2026 Q2 – Outcomes – Earnings Name Presentation (NYSE:CRM)

Salesforce, Inc. 2026 Q2 – Outcomes – Earnings Name Presentation (NYSE:CRM)

by Index Investing News
September 4, 2025
0

Q2: 2025-09-03 Earnings AbstractEPS of $2.91 beats by $0.13  | Income of $10.24B (9.77% Y/Y) beats by $98.41MThis text was written...

B-Inventory x IDC: Traits and Tech Shaping the Cell Market Webinar

B-Inventory x IDC: Traits and Tech Shaping the Cell Market Webinar

by Index Investing News
September 20, 2025
0

On this webinar, IDC’s Analysis Director of Cell Telephones, Anthony Scarsella, joins B-Inventory’s VP of Cell, Sean Cleland, for a...

Next Post
Dollar Tree Stock: My Wife Says Buy DLTR Weakness (NASDAQ:DLTR)

Dollar Tree Stock: My Wife Says Buy DLTR Weakness (NASDAQ:DLTR)

Hemisphere Energy Offers A 10% Dividend Yield This Year (TSXV:HME:CA)

Hemisphere Energy Offers A 10% Dividend Yield This Year (TSXV:HME:CA)

RECOMMENDED

Security in Crypto: A Complete Guide | by Abiodun Ajayi | The Dark Side | Oct, 2023

Security in Crypto: A Complete Guide | by Abiodun Ajayi | The Dark Side | Oct, 2023

November 11, 2023
How West African Textiles Formed a Southern California Bungalow

How West African Textiles Formed a Southern California Bungalow

April 15, 2025
Grasping L2s are the rationale ETH is a ‘fully lifeless’ funding: VC

Grasping L2s are the rationale ETH is a ‘fully lifeless’ funding: VC

March 29, 2025
Tips on how to Discover, Consider, and Provide on Rental Properties in 2024

Tips on how to Discover, Consider, and Provide on Rental Properties in 2024

July 18, 2024
Biden’s disastrous Afghanistan pullout is the day democracy was deserted

Biden’s disastrous Afghanistan pullout is the day democracy was deserted

August 16, 2024
Marlins’ Arraez joins elite company after 5-for-5 night

Marlins’ Arraez joins elite company after 5-for-5 night

June 20, 2023
Is the Bilt Rewards Mastercard the Next Big Thing for Investors?

Is the Bilt Rewards Mastercard the Next Big Thing for Investors?

February 15, 2024
China’s Hesai to sue Pentagon after being reinstated to blacklist

China’s Hesai to sue Pentagon after being reinstated to blacklist

October 24, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In