Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

Senate could pass bill to avert government shutdown ‘as soon as today,’ Schumer says

News Room by News Room
November 16, 2023
Reading Time: 2 mins read
0
Senate could pass bill to avert government shutdown ‘as soon as today,’ Schumer says

Senate Majority Leader Chuck Schumer on Wednesday reiterated that he’s aiming to move quickly to achieve passage of a two-step measure that would prevent a partial government shutdown from hitting this weekend.

“I will work with Leader McConnell to see if we can come to an agreement to accelerate this bill’s passage. If both sides cooperate, there’s no reason we can’t finish this bill even as soon as today, but we’re going to keep working to see what’s possible,” said Schumer, a New York Democrat, in a speech on the Senate floor, referring to Minority Leader Mitch McConnell, a Kentucky Republican.

The Republican-run House of Representatives approved the short-term measure in a 336-95 vote on Tuesday. A divided Washington is racing to get the continuing resolution, or CR, to President Joe Biden’s desk so he can sign it into law because the government is only funded through Friday.

“The House’s CR is far from perfect,” Schumer said. “But we’re moving forward, because we believe it accomplishes two things that I and other Democrats have been insistent on for weeks. It will avoid a government shutdown, and it will do so without any of the cruel cuts or poison pills that the hard right pushed forward.”

Striking a similar note, the White House has said that Biden would “sign this continuing resolution that maintains current funding levels and has no harmful policy riders” once it passes the Senate.

House Speaker Mike Johnson, a Louisiana Republican who became his chamber’s leader just three weeks ago, was forced to rely on Democratic votes to pass his measure due to opposition from the House Freedom Caucus, a group of hardline Republicans, and other colleagues.

His continuing resolution — which was opposed Tuesday by 93 House Republicans and two Democrats — sets Washington up for more funding fights in early 2024, as it extends government funding for some agencies and programs until Jan. 19, and for others until Feb. 2. Johnson has pitched his approach as necessary to place House Republicans in a strong negotiating position, saying it will prevent them from getting jammed by the Democratic-run Senate on a huge spending bill introduced just ahead of the holidays.

See: Ahead of House vote to avoid government shutdown, Speaker Johnson says, ‘You have to fight fights that you can win’

U.S. stocks
SPX

DJIA
were gaining Wednesday, building on the prior session’s big rally, which was sparked by an encouraging reading on inflation.

Read the full article here

ShareTweetSendSend

Related Posts

Blue state loses over 180,000 residents in past 5 years as high taxes weigh
Economy

Blue state loses over 180,000 residents in past 5 years as high taxes weigh

March 4, 2026
Rent becoming more affordable for many Americans as market stabilizes
Economy

Rent becoming more affordable for many Americans as market stabilizes

March 2, 2026
Fed dissent grows as some officials weigh return to interest rate hikes amid stubborn inflation
Economy

Fed dissent grows as some officials weigh return to interest rate hikes amid stubborn inflation

March 1, 2026
Kevin Hassett says Fed economists should be 'disciplined' over tariff study
Economy

Kevin Hassett says Fed economists should be 'disciplined' over tariff study

February 28, 2026
Coal plants step up as historic winter storm pushes US power grid to the brink
Economy

Trump admin ramps up effort to revive coal industry as power demand surges

February 27, 2026
US businesses shift away from China under Trump tariffs
Economy

US businesses shift away from China under Trump tariffs

February 26, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Blue state loses over 180,000 residents in past 5 years as high taxes weigh
  • Homebuyers refuse to back down as mortgage rates continue hovering stubbornly near 6% mark
  • Rent becoming more affordable for many Americans as market stabilizes

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

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
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.