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

Lawmakers react to stopgap funding and averting government shutdown

by December 21, 2024
written by December 21, 2024

As the dust settles on Congress frantically passing a stopgap bill at the eleventh hour to avoid a government shutdown, lawmakers are having their say on a chaotic week on Capitol Hill.

President Biden signed the 118-page bill into law on Saturday, extending government funding into March, the White House announced. The bill provides over $100 billion in disaster aid for those affected by storms Helene and Milton in the U.S. Southeast earlier this year. It also includes a $10 billion provision for economic assistance to farmers. 

President Biden has not yet publicly commented on the passage of the legislation, nor has President-elect Trump, although sources tell Fox that the incoming president is not that happy about the bill, because it does not suspend the debt ceiling. 

House Speaker Mike Johnson, R-La., who faced criticism from both Republicans and Democrats for his handling of the negotiations, said after the House vote that the result was ‘a good outcome for the country.’ He said he had spoken with Trump and that the president-elect ‘was certainly happy about this outcome, as well.’

House Democratic Leader Hakeem Jeffries, D-N.Y., considered the legislation a win for his party. 

‘The House Democrats have successfully stopped extreme MAGA Republicans from shutting down the government, crashing the economy and hurting working-class Americans all across the nation,’ Jeffries said, referring to Trump’s ‘Make America Great Again’ slogan.

Former House Speaker Nancy Pelosi, D-Calif., praised Democrats, including Jeffries and Rep. Rosa DeLauro, D-Conn., for ‘their unity and courage withstanding the Trump-Musk irresponsibility.’

‘Democrats will always fight to protect the needs of America’s working families, veterans, seniors, farmers and first responders against the GOP’s agenda for billionaires and special interests.’

A bulging 1,547-page continuing resolution was thrown into disarray earlier in the week following objections by Elon Musk and President-elect Trump. A slimmed-down version was then rejected by House members on Thursday before the House approved Speaker Mike Johnson’s new bill overwhelmingly on Friday by 366 votes to 34.

The Senate worked into early Saturday morning to pass the bill 85-11, just after the deadline.

Senate Majority Leader Chuck Schumer praised the passage of the funding legislation early Saturday.

‘There will be no government shutdown right before Christmas,’ Schumer wrote on X. ‘We will keep the government open with a bipartisan bill that funds the government, helps Americans affected by hurricanes and natural disasters, helps our farmers and avoids harmful cuts.’

Meanwhile, Rep. Nicole Malliotakis, R-N.Y., said the revised funding package keeps government funded at current levels, delivers aid to Americans suffering from natural disasters and protects agricultural supply chains. 

‘Not only is this straightforward bill much more palatable to me, but it respects the taxpayers we represent, unlike the previous backroom boondoggle I opposed that was over 1,500 pages long and gave unnecessary and costly giveaways to the Democrats,’ Malliotakis wrote on X. 

‘Passing this legislation today gives us what we need until President Trump is sworn in and settled so our Republican trifecta can deliver the results the American people voted for.’

Rep. Mike Lawler, R-N.Y., questioned why President Biden appeared to play a limited role in negotiations.

‘People fail to recognize that even though the focus has been on President Trump, Joe Biden is actually still the president, which is really mind-boggling, because nobody’s heard from him in weeks,’ Lawler told Fox & Friends Weekend on Saturday, adding that the debt ceiling has been used as a ‘political piñata for decades.’ 

‘The party in the minority uses it as leverage in a negotiation, and I think what President Trump is trying to avoid is giving Democrats a loaded gun to hold to his head here.’

Elsewhere, House Oversight Committee Chairman James Comer, R-Ky., applauded the Senate for approving the D.C. Robert F. Kennedy Memorial Stadium Campus Revitalization Act, which he had introduced and helped pass in the House.

The bill would give the District of Columbia control of the 174-acre RFK campus and revive potential plans for a new Washington Commanders stadium.

The surprising move came after a provision in the initial continuing resolution (CR) — to transfer control of the RFK campus from the federal government to the District — was eliminated from Thursday’s slimmed down version of the bill.

‘The Senate’s passage of the D.C. RFK Stadium Campus Revitalization Act is a historic moment for our nation’s capital. If Congress failed to act today, this decaying land in Washington would continue to cost taxpayers a fortune to maintain,’ Comer said.

‘Revitalizing this RFK Memorial Stadium site has been a top economic priority for the city, and I am proud to have partnered with D.C. Mayor Muriel Bowser to get this bill across the finish line and to the President’s desk. This bipartisan success is a testament to the House Oversight Committee’s unwavering effort to protect taxpayers and our full commitment to ensuring a capital that is prosperous for residents and visitors for generations to come,’ he added.

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump nominates pair to help lead DOJ, announces Federal Railroad Administration pick
next post
Trump nominates TV producer, creator of ‘The Apprentice,’ to serve in new administration

related articles

Trump considers legal action against Michael Wolff and...

February 1, 2026

Senate Republicans push for House GOP rebellion against...

February 1, 2026

Tax season scams surge as filing confusion grows

February 1, 2026

Israel, Egypt coordinate reopening of Rafah Crossing in...

February 1, 2026

Trump says Iran ‘seriously talking to us’ as...

February 1, 2026

Amber Rose defends Charlie Kirk’s widow against online...

February 1, 2026

House Democrats mutiny Schumer’s deal with White House,...

February 1, 2026

State Department issues security alert amid ‘heavy gunfire’...

February 1, 2026

Noem touts TSA success after thousands with terror...

February 1, 2026

Hundreds rally outside Iranian UN ambassador’s Fifth Avenue...

February 1, 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

  • Trump adds RFK Jr., Tulsi Gabbard to his transition team as he recruits supporters ‘across partisan lines’

    August 27, 2024
  • House Freedom Caucus to draw battle lines on reconciliation fight after presenting plan to Trump

    January 16, 2025
  • U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

    February 19, 2025
  • ‘Act of war’: Biden administration under pressure to respond to Iran’s plot to kill Trump

    November 8, 2024
  • Hegseth delivers stern warning to China in first call after Xi’s military parade

    September 10, 2025

Popular Posts

  • 1

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

    April 2, 2025
  • 2

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

    July 21, 2024
  • 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 (7,746)
  • Investing (920)
  • Stock (969)

Latest Posts

  • Trump says no to force in Greenland but insists on ‘immediate negotiations’ in Davos

    January 22, 2026
  • How the Inflation Reduction Act sparked a manufacturing and clean energy boom

    August 20, 2024
  • USDCHF and USDJPY: USDCHF manages to recover to 0.88500

    July 29, 2024

Recent Posts

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

    January 28, 2025
  • ‘DOGE caucus is dead,’ House Democrat declares

    May 14, 2025
  • Trump confirms National Security Council firings as Waltz’s Signal chat woes snowball

    April 3, 2025

Editor’s Pick

  • Experts warn leftist celebrations of Charlie Kirk’s death signal a dangerous mainstream shift in politics

    September 19, 2025
  • Trump touts Kim Jong Un relationship amid South Korea summit

    August 25, 2025
  • Comey seeks to toss criminal case calling Trump prosecutor ‘unlawful’ appointee

    October 14, 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