Congress is out for its August recess, but lawmakers left town with work on funding the federal government incomplete, giving themselves about a month to accomplish the major task when they return to the nation’s capital in September.
Lawmakers have until the start of the fiscal year, Oct. 1, to act on government funding. They could come to an agreement and fund the government, or they could pass a stopgap measure until lawmakers in both chambers strike a deal. It won’t be easy no matter which route they ultimately take.Senators on the Appropriations Committee approved all 12 of their government funding bills out of the committee last week, the first time in five years.
NEWS: Following a markup, Senate appropriators will have approved all 12 bills out of committee. It’s the first time in five years.The panel approved all 12 bills, setting them in line with the caps laid out in the Fiscal Responsibility Act negotiated by President Joe Biden and House Speaker Kevin McCarthy . The agreement limits overall national security spending in fiscal 2024 to $886 billion, which is roughly a 3% increase from current levels.
“What the House has done is they essentially tore up that agreement as soon as it was signed,” said Sen. Chris Van Hollen , a Senate appropriator. “We are in for a bumpy ride.” Good refused to vote for McCarthy during his race to become speaker, which ultimately took 15 rounds of voting to secure the position back in January, and is attempting to wield his influence to force the speaker to cut additional spending.
The policy add-ons are broadly opposed by Democrats and have no chance of passing in the Democratic-controlled Senate. The White House already issued a veto threat for the military construction appropriations bill the House passed along party lines last week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney's 'The Lion King' Roaring into Academy of Music, August 16-September 10A long-running Broadway classic from Disney is roaring into Philadelphia after nearly 10 years. 'The Lion King' is the No. 1 one musical in the world, a huge wildlife spectacle, with many of the songs from the animated film.
Read more »
GBP/USD: Weekly Forecast 6th August - 12th AugustDay traders have continued to have their tolerance tested in the GBPUSD as another week of volatile results rocked the currency pair downwards.
Read more »
EUR/USD: Weekly Forecast 6th August - 12th AugustAfter testing lower values late in the week that had not been seen since the first week of July, the EUR/USD recovered before going into the weekend.
Read more »
Your Horoscope This Week: August 6 To August 12, 2023This week the Lion’s Gate Portal occurs on 8/8/2023, a powerful date in numerology.
Read more »
Google Search Antitrust Suit Narrowed by Federal Judge Ahead of September TrialA federal judge narrowed a major antitrust case against Google, rejecting an argument made by 38 state attorneys general who sued the tech giant in 2020 over its search dominance
Read more »