Connect with us

Hi, what are you looking for?

Smart Investment StepsSmart Investment Steps

Investing

Trump-backed bill to avert government shutdown passes House despite mutiny threats

House Republicans passed a federal funding bill backed by President Donald Trump largely on their own Tuesday.

It also marked one of the rare occasions in recent memory that a majority of House Democrats voted against a bill that would prevent a government shutdown.

The bill passed largely along partisan lines. 

The measure, a short-term extension of fiscal year (FY) 2024 funding known as a continuing resolution (CR), will now head to the Senate. It must pass there and get to Trump’s desk before the end of Friday, March 14, to avert a partial shutdown.

In a major victory for Trump and House GOP leaders, however, several House Republicans who professed to never have voted for a CR supported the current bill.

Among them was Rep. Eric Burlison, R-Mo., who fully credited Trump with his decision to ‘barely’ support the bill.

‘The ‘barely’ is Donald Trump,’ Burlison said. ‘He is the difference maker. I would never support this language, but I do trust Donald Trump.’

Rep. Greg Steube, R-Fla., was in a similar boat. He told reporters, ‘I’ll be the first guy to tell you I don’t like CRs. I’ve never voted for one.’

‘But the Democrats aren’t going to help us. And the Democrats are just going to put any shutdown on the president, which obviously isn’t good for for the party,’ Steube said. ‘So I think it’s important that we give the party, the president and the conference time to come up with a good budget.’

It includes an additional $8 billion in defense dollars in an apparent bid to ease national security hawks’ concerns, while non-defense spending that Congress annually appropriates would decrease by about $13 billion.

There’s also an added $6 billion for healthcare for veterans.

The White House has requested additional spending in areas that were not present in the last government funding extension, known as ‘anomalies.’

Among the anomalies are some added funding for the Women, Infants and Children (WIC) federal benefits program, and nearly $1 billion to aid with Immigration and Customs Enforcement (ICE) deportations.

There is also some added funding for defense in a bid to ease national security hawks’ concerns, and about $13 billion in cuts to non-defense spending.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Latest News and Articles




    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    Direct-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old...

    Investing

    Irish leaders will skip St. Patrick’s Day celebrations in the U.S. this year to protest President Donald Trump calling for the displacement of Palestinians...

    Investing

    Some House Republicans have felt heat back home this past week after progressive groups urged Americans to protest the GOP’s handling of government spending....

    Investing

    Former Vice President Kamala Harris took veiled jabs at President Donald Trump and Department of Government Efficiency chief Elon Musk during her first major...

    Disclaimer: smartinvestmentsteps.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 © 2024 smartinvestmentsteps.com