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

House passes funding bill with just hours until government shutdown

by December 21, 2024
written by December 21, 2024

The House has passed a bill to avert a partial government shutdown on Friday, hours before the midnight federal funding deadline. 

The bill, which needed approval from two-thirds of the chamber, passed overwhelmingly in a 366 to 34 vote. 

All Democrats voted for the bill save for Rep. Jasmine Crockett, D-Texas, who voted ‘present.’

Lawmakers were scrambling for a path forward after an initial bill was tanked by President-elect Trump and his allies on Wednesday, and a later bill approved by Trump failed on the House floor Thursday.

But Trump has stayed noticeably silent on this latest measure – which many House Republicans saw as a tacit sign of approval.

Speaker Mike Johnson, R-La., was optimistic after days of uncertainty, telling reporters there would be a House-wide vote Friday when leaving a closed-door House GOP meeting where leaders presented their plan.

‘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,’ Johnson said. 

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

The legislation, if passed in the Senate, 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 bypassed 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 was 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 bill that passed the House on Friday 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.

Democrats who left their own closed-door meeting shortly before the vote largely said they would support the bill – which they did.

President Biden has said he would sign it into law if it reaches his desk after a Senate vote.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Senate Dems rail against ‘shadow speaker’ billionaire Elon Musk: ‘Not elected to anything’
next post
Party City to close all of its stores, report says

related articles

Patel, Bongino defend tenures, saying FBI ‘operating exactly...

December 3, 2025

IG finds Hegseth’s use of Signal for Houthi...

December 3, 2025

Epstein island compound seen in new photos released...

December 3, 2025

Pentagon probe into secret Signal chats on Houthi...

December 3, 2025

Jack Smith subpoenaed for deposition with House Judiciary...

December 3, 2025

Trump admin targets anti-Christian violence with new visa...

December 3, 2025

Bipartisan deal on Obamacare subsidies fades as Republicans...

December 3, 2025

Court says Boasberg didn’t know Arctic Frost subpoenas...

December 3, 2025

Hegseth erupts over WaPo ‘fake stories,’ vows to...

December 3, 2025

MIKE DAVIS: Why SCOTUS must reinstate Trump US...

December 3, 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

  • Trump names Stefanik UN ambassador

    November 11, 2024
  • The wheels are falling off the Harris-Walz vibe bus

    September 4, 2024
  • Trump nominates pair to help lead DOJ, announces Federal Railroad Administration pick

    December 21, 2024
  • Vital Western alliance countries’ heavy dependence on China major problem: ‘dangerously exposed’

    August 3, 2024
  • Art Cashin, New York Stock Exchange fixture for decades, dies at 83

    December 3, 2024

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

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

    July 19, 2024
  • 3

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

    April 2, 2025
  • 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 (6,951)
  • Investing (634)
  • Stock (963)

Latest Posts

  • Ashley Biden files for divorce from husband, Howard Krein, after 13 years of marriage: reports

    August 12, 2025
  • RFK Jr., on eve of Election Day, tells voters ‘do NOT vote for me’

    November 4, 2024
  • Trump inner circle shares McDonald’s meal as Donald Jr. jokes ‘Make America Healthy Again starts tomorrow’

    November 17, 2024

Recent Posts

  • Ripple and Tron: Ripple is losing its bullish momentum

    August 29, 2024
  • Huge healthcare data breach exposes over 1 million Americans’ sensitive information

    February 8, 2025
  • Trump’s grand peace strategy is bearing fruit, in Middle East and around the world

    October 10, 2025

Editor’s Pick

  • Copper remains supported for now even as China optimism fades

    June 12, 2025
  • SafeMoon and Litecoin: New Weekly Support and Targets

    September 24, 2024
  • AI startups are snatching up San Francisco offices, using Zoom fatigue to recruit talent

    December 8, 2024
  • 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