US Congress tees up votes in last-minute scramble to avert shutdown

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By Andy Sullivan and David Morgan WASHINGTON (Reuters) - Lawmakers return to the U.S. Congress on Saturday with no clear path to resolving a squabble ...

By Andy Sullivan and David Morgan WASHINGTON - Lawmakers return to the U.S. Congress on Saturday with no clear path to resolving a squabble that appears likely to close wide swaths of theChurch Brewing: where the customers are the congregation and the choir | SaltWireWASHINGTON - Lawmakers return to the U.S.

Hundreds of thousands of federal employees will lack the funding to do their jobs if the two chambers do not send a spending bill for Democratic President Joe Biden to sign into law by 12:01 a.m. on Sunday. In Atlanta, festivities for former president Jimmy Carter's 99th birthday were moved up from Sunday to Saturday to avoid disruption, according to local media.

This year, a group of Republicans has blocked action in the House as they have pressed to tighten immigration and cut spending below levels agreed to in the debt-ceiling standoff last spring. "There's a lot of frustration growing with the 21 individuals who chose to vote 'no' on what was a very good plan," Republican Representative Nicole Malliotakis of New York said on Friday.

 

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US Congress tees up votes in last-minute scramble to avert shutdownBy Andy Sullivan and David Morgan WASHINGTON (Reuters) - Lawmakers return to the U.S. Congress on Saturday with no clear path to resolving a squabble ...
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Congress running out of time to avert a shutdown, UAW expands strike: Yahoo Finance LiveInvestors are bracing for a shutdown as Congress attempts to reach a deal with just a little over a day remaining. Meanwhile, the UAW is expanding its strikes against Ford (F) and General Motors (GM). Stellantis (STLA) was spared due to progress being made in negotiations. Shares of Carnival (CCL) are falling despite reporting record revenue. Carnival CEO Josh Weinstein will discuss the results at 3:35 p.m. ET. Other trending tickers include Walgreens Boots Alliance (WBA), Blue Apron (APRN), and Duolingo (DUOL).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Callie Cox, eToro USA Investment Analyst3:35 p.m. ET - Josh Weinstein, Carnival Corporation CEO, President, & Chief Climate Officer3:50 p.m. ET - Eric Hansotia, Agco Corporation CE)4:00 p.m. ET - Steve Rattner, Willett Advisors Chairman and CEO, Fmr. Head Of Obama Auto Task Force4:15 p.m. ET - Zeke Faux, 'Number Go Up' author, Bloomberg Reporter
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Congress focused on 'wrong part' of budget in shutdown fight: Ex-CBO directorFormer Congressional Budget Office Director Doug Holtz-Eakin raised significant concerns regarding the federal budget and the trajectory of the national debt. He cautions that the current spending trajectory is 'unsustainable' and highlighted entitlement programs as 'the real issue.' He criticized Wednesday's GOP debate for focusing on discretionary spending rather than reforms needed for expensive entitlements like Medicare and Social Security. 'If you're 55 and planning to retire in 10 years, you have no idea what your Social Security check's gonna look like. You cannot make a reasonable financial plan,' Holtz-Eakin tells Yahoo Finance adding, 'that's disgraceful. Social Security is past due for getting fixed by the Congress.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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