• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Congress unveils bill to avert Friday government shutdown with over $100B in disaster aid

by December 18, 2024
written by December 18, 2024

Congressional leaders are unveiling their plan to avoid a partial government shutdown by the Friday federal funding deadline.

House Republicans released the 1,547-page text of a short-term extension of fiscal year (FY) 2024 government funding levels to give lawmakers more time to agree on funding the rest of FY 2025.

It’s the second such extension, called a continuing resolution (CR), since FY 2024 ended on Sept. 30.

The bill extends FY 2024 government funding levels through March 14, while also including more than $100 billion in funding for disaster relief after storms Helene and Milton battered the U.S. Southeast just months ago. A further $10 billion in economic assistance for farmers is also included.

The legislation has health care provisions aimed at lessening the influence of Pharmacy Benefit Managers (PBMs), and legislation aimed at revitalizing Washington, DC’s RFK Stadium and the surrounding area.

The bill will also make way for outbound investment legislation, to crack down on the flow of U.S. dollars benefitting Chinese military and technology firms overseas.

Recent drone activity on the Eastern Seaboard that’s alarmed private citizens and lawmakers alike also inspired negotiators to include a reauthorization and extension of the government’s Unmanned Aircraft Systems program.

To offset some of that funding, House leadership staff said the bill will allow the Treasury to recoup some of the funds the federal government spent rebuilding the Baltimore Key Bridge.

It must pass the GOP-controlled House and Democrat-controlled Senate by Friday and hit President Biden’s desk by midnight that day to avoid a partial government shutdown.

Last-minute negotiations delayed the bill’s expected Sunday release to Tuesday evening.

Meanwhile, GOP hardliners are crying foul at Speaker Mike Johnson, R-La., for stacking what they anticipated would be a ‘clean’ CR with unrelated policy riders.

‘We talked with the speaker up until this weekend, the only discussion was ‘How long is this clean CR going to be?’ And suddenly we find out – I heard rumors over the weekend – they’re negotiating with a health care package that included PBM stuff,’ Rep. Eric Burlison, R-Mo., told Fox News Digital.

‘I think it’s absolutely disgusting to bring forward a several-thousand-page bill that nobody’s read, even today, nobody’s even seen it, and then they expect us to vote on it without any debate.’

Allies of President-elect Trump had pushed for a short-term extension into the new year to give his administration, and a fully Republican Congress, more control over government funding.

But some GOP lawmakers worried that fighting the previous year’s battles will risk derailing the forward-facing agenda Republicans hope to enact in Trump’s first 100 days.

‘His agenda is going to be subject to a one-seat majority for some time, in the best case scenario, he gets about three or four seats. So we don’t have much margin for error,’ one House Republican said.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms
next post
Lawmakers eye ‘low hanging fruit’ for government efficiency after first DOGE Caucus meeting

related articles

Hunter Biden seen driving Toyota rental in South...

May 31, 2025

Trump tariff plan faces uncertain future as court...

May 31, 2025

Musk confident DOGE will save $1 trillion as...

May 30, 2025

Who will be Elon’s successor? The top names...

May 30, 2025

Donald Trump fires National Portrait Gallery director for...

May 30, 2025

Elon Musk sports black eye at farewell presser...

May 30, 2025

Biden says he could ‘beat the hell out...

May 30, 2025

‘American hero’ or ‘failure’: Elon Musk’s DOGE departure...

May 30, 2025

Unfinished Business: The budget cuts Musk couldn’t complete...

May 30, 2025

Alleged attempt to impersonate White House chief of...

May 30, 2025
Enter Your Information Below To Receive Free Trading Ideas, 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!

Latest News

  • Dems say Trump ‘firing the wrong guy’ after Waltz ousted as national security advisor

    May 1, 2025
  • GOP leaders vow ‘action’ as Columbia University swarmed by anti-Israel agitators

    September 3, 2024
  • Nikkei in limited recovery in first two days of this week

    September 11, 2024
  • The dollar index is in a good position to remain bullish

    October 14, 2024
  • Pedophiles could see death penalty under new House GOP bill: ‘Taken off the streets permanently’

    January 14, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,735)
  • Investing (624)
  • Stock (775)

Latest Posts

  • Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock as he departs Chipotle

    August 16, 2024
  • The Nifty 50 Index: Key Facts and Figures To Know About

    October 3, 2024
  • ‘Ideological balance’: Supreme Court’s conservative majority to stay no matter who wins election, experts say

    October 25, 2024

Recent Posts

  • Trump tariffs could prove to be a menace for homebuyers: here’s why

    March 6, 2025
  • Jake Sullivan says Netanyahu ‘ready to do a deal’ as Hamas said to concede to Israel cease-fire demands

    December 12, 2024
  • Elon Musk’s politics are hurting Tesla, 85% say in investor survey

    March 13, 2025

Editor’s Pick

  • Biden top adviser Anita Dunn leaves White House for super PAC supporting Harris

    July 30, 2024
  • RFK Jr’s abortion ‘issue’: Senate GOP plans to scrutinize Trump HHS pick’s position

    November 20, 2024
  • European stocks gain on auto tariff hopes, but LVMH slump clouds outlook

    April 15, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock