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

House vote imminent on plan to avert government shutdown

by December 20, 2024
written by December 20, 2024

House lawmakers will soon vote on a bill to avert a partial government shutdown after a similar measure backed by President-elect Trump failed Thursday.

Congress is scrambling for a path forward as the clock ticks closer to the federal funding deadline, with a partial shutdown expected at 12:01 a.m. Saturday if no action is taken.

Speaker Mike Johnson, R-La., suggested there would be a House-wide vote Friday when leaving a closed-door House GOP meeting where leaders presented their plan.

‘I expect that we will be proceeding forward,’ Johnson said. ‘We will not have a government shutdown, and we will meet our obligations for our farmers who need aid, for the disaster victims all over the country and for making sure that military and essential services and everyone who relies upon the federal government for a paycheck is paid over the holidays.’

Meanwhile, the national debt has climbed past $36 trillion, and the deficit is over $1.8 trillion.

Multiple lawmakers told Fox News Digital the forthcoming legislation would extend current government funding levels through mid-March, a measure known as a continuing resolution (CR), paired with just over $100 billion in disaster relief aid for victims of storms Helene and Milton, as well as assistance for the agriculture industry.

Johnson’s aim is to bypass regular House procedures to get the legislation straight to a chamber-wide vote, a maneuver known as ‘suspension of the rules.’

In exchange for the fast track, however, the threshold for passage is raised from a simple majority to two-thirds of the House chamber, meaning Democratic support is critical.

Rep. Thomas Massie, R-Ky., told reporters he believed Johnson struck an agreement with House Minority Leader Hakeem Jeffries, D-N.Y. A longtime Johnson critic, Massie said he would not vote for the bill.

‘Trump wanted a debt limit increase, and now we’re bringing the exact same bill to the floor without the debt limit increase,’ Massie said.

Another Republican lawmaker argued Johnson would not move forward without Trump’s blessing.

‘We wouldn’t do it if they weren’t,’ Rep. Dan Meuser, R-Pa., said when asked if Trump and Elon Musk were supportive of the deal.

Trump and Musk led the conservative rebellion against the initial plan to avert a partial shutdown, a bipartisan deal that came from negotiations between the top two Democrats and Republicans in both Congressional chambers.

That bill, 1,547 pages, would have extended current government funding levels until March 14. However, GOP hardliners were angered by what they saw as unrelated measures attached to the bill, like a pay raise for congressional lawmakers, health care policy provisions and legislation aimed at revitalizing RFK Stadium in Washington, D.C.

It was scrapped as Trump and Musk threatened to force out of office any lawmaker who did not support pairing a CR with action on the debt limit.

The debt limit is suspended until January 2025 through a prior bipartisan deal, but Trump had pushed for Republicans to act on it now to avoid a messy, protracted fight early in his term.

The second iteration of the funding deal was much slimmer, coming in at 116 pages. It excluded the stadium bill and the congressional pay raise, but still included measures to fund the rebuilding of Baltimore’s Francis Scott Key Bridge and disaster aid funding. It also suspended the debt limit through January 2027.

A House vote on the second plan went down in flames, however, after 38 Republicans opposed to raising or suspending the debt limit voted with all but two Democrats to defeat the bill.

Johnson huddled with those holdouts Friday morning, along with Trump’s nominee to lead the Office of Management and Budget, Russell Vought, and Vice President-elect JD Vance. 

The latest plan that’s expected to get a vote does not act on the debt limit, but Johnson pledged in that closed-door meeting to raise the debt limit early next year as part of Republicans’ plans for a massive policy and spending overhaul.

During their closed-door meeting Friday, House GOP leaders unveiled their CR plan as well as a plan to raise the debt limit by $1.5 trillion, followed by $2.5 trillion in net spending cuts, multiple people told Fox News Digital.

It’s still not clear if the bill will sway all the 38 holdouts, however. Many had advocated for a plan to separate the CR from disaster relief and agricultural aid to vote on ‘single-subject’ bills.

But with a partial government shutdown looming just hours away, it appeared House leaders were running out of time to get that done by the end of Friday.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
OpenAI is done with Shipmas and staring down daunting challenges for 2025
next post
White House pressed on Biden refusing to speak publicly ahead of shutdown

related articles

As Trump urges deal, Cuban president warns that...

January 12, 2026

I was told I was a boy. Supreme...

January 12, 2026

Rand Paul says Trump’s threat to bomb Iran...

January 12, 2026

Iran’s collapse or survival hinges on one choice...

January 12, 2026

Expert warns of ‘extreme violence’ in Venezuelan mining...

January 12, 2026

US used sonic weapon on Venezuelan troops, report...

January 11, 2026

Federal judge blocks Trump administration from enforcing mail-in...

January 11, 2026

Trump responds to post suggesting Rubio as president...

January 11, 2026

Netanyahu and Rubio discuss US military intervention in...

January 11, 2026

Protester scales Iranian Embassy in London, tears down...

January 11, 2026
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

  • Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company

    August 24, 2024
  • Trump finds new leverage in Ukraine fight with Tomahawk threat and long-range strike authorization

    September 29, 2025
  • Ambitions, hopes, dreams, aspirations, boys playing girls’ sports, and reparations

    October 17, 2024
  • Trump AG pick Pam Bondi clears Judiciary Committee, will get confirmation vote in Senate

    January 29, 2025
  • Toppling Maduro was easy — governing Venezuela could trap US for years

    January 6, 2026

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

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 3

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

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,410)
  • Investing (814)
  • Stock (965)

Latest Posts

  • White House press secretary defends Trump’s firing of inspectors general

    January 28, 2025
  • ‘Red tape’: Trump admin unleashes DOGE-aligned process to fire federal workers for misconduct

    June 2, 2025
  • SPWR Stock: Risks and Opportunities for Buyers and Sellers

    September 12, 2024

Recent Posts

  • US and Russia draft peace plan for Ukraine requiring major concessions from Kyiv

    November 20, 2025
  • Trump admin planning to consolidate HIV programs, slashing ‘overhead’ and DEI: official

    March 19, 2025
  • Jay Bhattacharya, prominent physician and economist, nominated by Trump for NIH director

    November 27, 2024

Editor’s Pick

  • Trump says ‘tremendous bad blood’ between Zelenskyy, Putin delaying peace deal despite Middle East momentum

    October 17, 2025
  • Sen. Liz Warren lays out more than 100 questions she wants Pete Hegseth to answer during confirmation hearing

    January 14, 2025
  • Canada’s Trudeau announces resignation following party pressure amid criticisms of Trump, budget handling

    January 6, 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